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Hi,

I'm looking into purchasing a resale HDB flat in Marine Parade. What's your take on the capital appreciation for the units in that area? Or has the area hit its peak?
Understand that an MRT is in the works, but is that substantial enough?

And is now a good time to buy?

thanks!
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3 Answers

Hi,

Resale HDB market prices are by and large controlled by the government as they have various policy measures to adapt to the market circumstances. Hence, if your objective is capital appreciation, this may not be the most ideal option. Further, most resale HDB in Marine Parade are at least 30 years old, when (and if) the time comes for you to consider to sell, unit will be even older for your potential buyers, these are factors you may wish to consider.

If your main objective is capital appreciation, you should consider private residential projects. If you are only considering Marine Parade, the area has always been a favourite for expats and locals due to its proximity to CBD and airport, good schools, coastal area and unique charm, hence the resale demand is always there. Perhaps may I understand your plans and requirements such as preferred budget before making better recommendations? Thanks and hope to discuss further.

Warm Regards,
Ivan Ng
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Dear buyer,

I am unsure of the price range of HDB you are considering for Marine Parade, however, I would like to highlight that despite the developmental potential in the area, the HDB are significantly older than many other estates and may pose an issue of future resale prospects as CPF utilisation for purchase could be a major obstacle for the prospective buyers in future as it continues to age.

Perhaps you may share more about what your intentions are with me such that I can perhaps do my best to tailor a proposal for your needs.

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Geryl LIM
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Evening,

Depending on the sizing and actual location of the unit, along with housing age of not more than 40 years, Marine Parade is still a piece of gem to look into.

Do contact me further should you require additional assistance

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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