AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I have just sold my place and have on hand $580K as part-payment for my next property. I am looking for a place for own stay and also for capital appreciation. Is developer new launch units better or resale when it comes to potential growth? Any area to recommend for potential growth?
0 •
619 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Navin Bafna
Replied
Depends what you prefer in terms of you own use like
area, location, bedrooms, quality of the unit.

I would suggest you go for a condo woth 1.2 million max and the rest for a commercial property.. thus you would have a diversification of portfolio and you only need 20% for both. Read More
0
Upvote Upvoted
Geryl Lim
Replied
Dear Ed,

With the amount of cash on hand, you are likely to be undertaking housing loan for both your intended purhcases. It will be the best to work out the financial aspect of your purhcases with a banker, as you will be eligible up to 80% LTV for your 1st property and for subsequent one at 60% LTV. This assessment will greatly assist in determining what type of projects are more suitable for you.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions