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Hi GG,

Owning a landed property is better than a strata titled landed property in my own opinion as:

1) $0 maintenance fees paid to the management
2) You are in control of how your property looks like instead of only able to renovate the interior

Living in a cluster housing with facilities does appeal more but do you really utilise the available facilities to really make every cents of the management fees worthwhile.

As for whether to do a major renovation or buy a brand new unit to stay in, it definitely depends if you have the time and effort or think it is worthwhile to spend the time and effort to monitor progress of the renovation works or it is easier to just purchase a brand new or move-in type of unit to avoid the hassle of monitoring the renovation.

Definitely, I'd think that it will be slightly cheaper to do renovation on your own to your own liking, but maybe a slight change of environment will be good?

ECG Landed Dynamic has just successfully held our landed homes sales exhibition today with more than 100 units across the island on sale and have attracted more than 100 guests for our exhibition. We have on our panel a group of professional architects and interior designers as well as bankers to assist our prestigious clients in managing their landed property requirements.

If you require to speak to a professional who has a good track record in dealing with landed properties, feel free to give me a call.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg
ECG Property Pte Ltd - A Boutique Real Estate Company
Member of the ECG Landed Dynamic Alliance Read More

Hi GG,

You mentioned that your terrace is 20 years old and is falling apart, so I presume that you might to spend at least another $200 to $300k to do a major renovation and maybe another $1mil to do A/A. Many buyer/developer like to buy old property for rebuild, therefore, you should not have any problem finding buyer.

Therefore, I thought that it might make more sense to buy a brand new cluster house.

Cluster housings are gaining popularity recently, so I believe that resale value will not be affected in the future.

However, at the end of the day, it really depends on what lifestyles you want. I presume you are buying for property for own stay and not for investment. If you are buying for investment, I will strongly recommend cluster house.

Below are some advantages of cluster house over landed

1) common facilities such as swimming pool, gym, BBQ etc
2) usually have 2 carpark lots allocated, some small terrace can’t even park 1 car
3) visitor lots for your guests
4) some new project might have build in lift
5) 24 hrs security

Hope that I had answered your questions.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267 
Email: Johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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Shalom

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Koh Z H
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