2 Answers

Ken Tan
Hi Sir/Madam,

The neighborhood or general area surrounding your home can greatly affect the project's value. The reason is that the surrounding environment may make the location undesirable hence affecting the value of your property.

Of course, you must take into consideration of other factors before deciding if its a worthwhile project to invest in.

Hope this helps.
And feel free to contact me.

Ken Tan
96461490
ken_tankw@yahoo.com.sg Read More

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Mervin Tang
Hello Sir!

I fully agree with my colleagues' assessment on the nearby property's impact on your potential property investment.

Let me share more, valuations are done via comparison with the surrounding properties in the area. Having poor / old properties in the area serve to drive down the overall average "value" of the area, hence, your new property's valuation.

Here's another very IMPORTANT TIP!!

You've mentioned that you are getting the property for the purpose of "investment". Investment broadly assumes you intend to rent it out in future, or to sell it off.

Here's something to consider when assessing a neighbourhood.

"When you walk down the Owen Road, and its neighbouring Rangoon Road, what do you see in the windows of the houses/shops lining the road?"

Hint.. "FOR SALE / FOR RENT"

If you see such a sign in every other window/shop, what does it tell you about the area in general?

Something for you to think about.

Lastly, make a comparison of the quantum of the studio units in Suites@Owen and compare it with other "near" MRT projects. You'll find that it other similar MRT proximity projects are somewhat "cheaper"..

Food for thought dear investor!

Your Singapore Condo Specialist Team,

Mervin Tang
Senior Marketing Associates
Developer's Appointed Agency
Huttons Real Estate Group

Call Today: (+65) 9184 0208
Website: http://www.sgcondospecialist.com
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