AskGuru Q&A Community

Hi there,

My personal take as follows:

1. Older condos has upsides as well from the launch of Lentor Modern, such as connectivity (New MRT station), upcoming URA plans for the area.

2. Older Condos have higher MCST maintenance fee and sinking fund.

3. Older condo may have chance for en-bloc in the future.

4. Older condo attracts buyers who seeks for a bigger living space.

5. Exiting may be challenging due to the niche market.

You may contact me at 94507283  for further discussion and I will be able to analyse and plan for you.

Thank you

Best Regards
Gary Shien
 94507283  Read More

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, it is not advisable to go for an older condo of a leasehold property if your intention is not to stay for long term.

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

Hi,
Old condos appreciate slower than newer ones. As such, if you intend to live in that vicinity longer, ideally, you should get a newer condo. Otherwise enblocs may upset your stay in that location. Please contact me for more details.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

There will definitely be potential upside in the region given the interest level for Lentor Modern and a series of upcoming projects in the region after Lentor Modern, but how much does it go is anyone's guess.

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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

I believe it largely depends on the unit type that you're purchasing. If you are going for a large floorplate unit, I believe the demand will still be strong when you're planning to sell in the future.

On the contrary, if you're going for a smaller unit, then my suggestion would be to go for newer developments.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) Far Horizon was TOP in 1985 (37 yrs), and Seasons Park was TOP in 1997 (25 yrs).
2) The common things we observed in the older condos are:
(a) Older and run-down facilities
(b) Higher MCST and sinking funds.
(c) larger living space
(d) Higher cost needed for a total overhaul to replace all electrical and water piping.
(e) The price is stagnant, you can't expect much movement in the price. Thus your buying price most properly is your selling price in the next 10 yrs.
(f) Their selling price is extremely attractive compared to the new launch today.
(g) High potential in looking forward to enbloc due to the depleting lease.

3) There were no shopping amenities in that area at all until the launching of Lentor modern.
4) The business activities over there could rejuvenate that area and benefit the residents over there. This will definitely will attract higher capital appreciation for investors, rental rate, and rentability.
5) The convenience provided by the MRT station just at the doorstep will attract tenants and buyers who rejected this area due to inconvenience for residents who are not driving.
6) However, these benefits of amenities will not benefit buyers until it is TOP in 2028.
7) The sellers of older condos around that area will definitely be selling their units at a future price.
8) Thus this is something you have to do your homework to bargain for the right price.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More