AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I own apartment in SC Global Hilltops 1745 sq ft on 5th floor I bought it almost when they were piling at 4010 per sq ft how long do you think I have to wait to make any profit on this property it is on 5th floor with. Best view 3 bedrooms and very nicely furnished not dishes
0 •
1005 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Radhika Prakash
Replied
Hello Mr Sattar,

Kindly write to me on realproperty63@yahoo.com.sg

This is because i will have to write a very detailed note on this.

Regards,

Radhika Prakash
Ex Banker - SCB
Global Realtor
DTZ Debenham Tie leung
 93380071  Read More
0
Upvote Upvoted
Dalen Chee
Replied
Hi Mr Wali,

honestly speaking, I would advise you to rent your unit out and wait for market to pick up.

Because of the cooling measures, the high-end market is not going to improve so soon. When you bought in 2007, it was 4009 psf. Today in 2013, after 6 years, the price is average about 2900 psf.

So a safer approach would be to adopt a longer-term view and hold it for about 5 to 10 years. Give your asset time to appreciate.

I hope this helps.

Warmest Regards
Dalen Chee
Mobile : 9695 2550 
My web : www.96952550.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions