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Hi, my 5room Tampines resale flat is going to reach its MOP soon. we are thinking to move into a condo in Tampines (Trilliant) / Simei (Modena/Tropical Spring) area.
My question is, is it more advisable to:
1) Move to Trilliant at a smaller unit (872sqft as that is what we can afford) or
2) Move to Modena/Tropical Spring with a bigger unit (1200-1400sqft).
My concern is moving to Trilliant with a smaller unit will not yield much capital appreciation (even if the price increases) and it also compromise the quality of living. Also, moving to Modena/T.Spring is there a potential that home prices will decrease?
Thank you
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7 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, there are a few factors to consider about too and in terms of what is your short to mid term horizon. I stay in Tampines area too and near to the Hub and would be happy to share more of my insight to both you and your spouse.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi

Understand your dilemma. It's either you are an investor or a home stayer. Each position sets a different criteria to the purchase thus it becomes conflicting if you are taking both position.
You may text 9620 0827  for a casual chat.
Warmest regards

Gavin Read More
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Good afternoon,

Usually developments near MRT or malls tend to maintain their values well, even though the property may be slightly older. Since its for own stay, if I were you, I will prioritize the quality of life and size of the property that Modena/T. Spring is able to provide, especially if my family size is 4 or above. The prices should be able to hold as they have good defensive attributes such as near MRT, mall, and primary schools and amenities. It is easier to exit or rent out as well as your target group in Tampines is likely families that need bigger space.

Might you be open to Pasir Ris area? There are also developments there you can consider which in my opinion also gets you value for money. I have helped various home owners in the east side to smoothly transit to their next property and will be happy to assist further.

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Dear sir/madam,

I fully understand the contradicting considerations you are running through over the 3 choices you have named, however, why are you only considering these projects in the first place?
If I may look share, both projects are located near MRTs, therefore should see relatively good demand when it comes to rental and resale, if you are looking more into capital appreciation, then Trilliant is likely the shining star among the projects you have highlighted, but there could be some different options if you ask me, for example purchasing Trilliant to rent out while you can rent a bigger unit in Simei if that is what you are looking for.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Dear Sir/Mdm,

I will be happy to provide you with some insights.

For trilliant, the price is still on the uptrend because it is a newer development and the area is more exciting as compared to the Simei area because it is near to the Tampines Regional Centre and there are empty plots of land around which have yet to be developed. In the future, the value may be boosted from these development. If we look into the price of Modena and Tropical Spring, their prices have more or less remained stagnant in the past 10 years. It is unlikely there there will be a price spike in the years to come but I do not expect the price to depreciate much either as there are still demand for these type of spacious units with a comfortable price tag.

Upgrading from a HDB requires careful planning in terms of your timeline and your finances so that you can transit smoothly and seamlessly without the need to pay ABSD and also be able to move from your HDB to the new place without the need for an interim housing solution and at the same time have some buffer time to renovate.

I have assisted many of my clients to upgrade successfully. Please feel free to contact me so that I can understand your situation better and provide you with more price analysis and data.

Regards,
Nick Tan
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Hi

I understand your concern in this matter and is glad to assist you. I have assisted various clients in upgrading from HDB to a condo just like yourself. Moreover with CPF usage restrictions on older development coupled with the most recent cooling off measures, lease decay issue is something to watch out in the near furture. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More
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Hi,

1) To be honest I would suggest you speak to some professionals rather than guessing yourself.
2) Let's take a look at the transactions in these 3 developments to compare:
(a) Trilliant:
872 sqf = $1,204 psf (#11) Apr 22
872 sqf = $1,216 psf (#10) Apr 22
The lower psf for a higher floor is properly the difference in their interior finishing. As both units are facing the same direction.

(b) Modena:
1,399 sqf = $ 997 psf Apr 22 (#06)
1,410 sqf = $ 992 psf Mar 22 (#03)
958 sqf = $1,050 psf Dec 21 (#07)

(c) Tropical Spring
1,335 sqf = $937 psf Apr 22 (#03)
1,066 sqf = $938 psf Apr 22 (#05)
1,356 sqf = $967 psf Mar 22 (#02)

3) Performance of each: All 3 of them are on an upward trend only at different psf
(a) Trilliant: $1,2xx psf
(b) Modena: ~$9xx psf
(c) Tropical Spring: ~$9xx psf

4) Potential upside:
(a) Trilliant is young and located in a mature estate. Thus this yields a higher potential to continue to grow.
(b) Modena and Tropical Spring TOP in 2001 & 2002 respectively. They are already 20 yrs from TOP. My take is they are already at the peak. In the future, they might be able to hedge the normal inflation rate but don't see the potential they will continue to grow.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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