AskGuru Q&A Community

Hi,I own 3BR @ Aquarius by the Park, 1206sft,pool facing.Price seems good so considering to sell now(Est, S$1.1M?) &concurrently buy a new condo;considering new ones @ Pasir RisTOP 2015 – 2016. Now, I don’t think I can afford to hold 2 properties ie 2nd @ 60%. Ideally, fr investment point, it would works well if I can retain current, buy new one & once ready move-in & thereafter rent out current condo; rental will pay for new home instalment! Q:(1)Would it be very difficult/ point-blank impossible to find buyer for Aquarius who’s willing to lease unit back to me for next 24-36mths? S$3.5K/mth(?). Reason-so we do not need to shift to temp home until new home is ready, ideal but not realistic probably?? (2)Based on past 5years trend, would it be accurate to say condos @ Pasir Ris depreciate faster than others within district 15–19? If one pays S$820 – 850 psft for new property @ Pasir Ris now, would the resalable price be a lot lower in 5-7 years’ time? Many thx.