Asked by Anonymous
I want to buy a 2nd property for investment purpose. Which one offers a better return - a 5 year old resale condo or a BUC condo?
Agents tell me to go for a new property. However, a BUC will not have rental until the project TOP, and unit rented out 3-4 years down the road. In addition, I am paying say $300 to $500 psf more for a new one comparing a similar size condo just next to this BUC. (actually the resale unit is bigger, new BUC units are really tiny).
So I am confuse, it actually looks like the under 5 years old resale is a better buy, because I am collecting rent for this 3-4 years period (tenants are paying for me), no doubt when the BUC TOP, this resale will be ~~ 8+ years old, wouldn't this also have some capital gain abeit slower gain comparing to the BUC. Resale completion is within 2-3 months, and I have the funds ready to pay for the required.
Net effect, they even out. As investor I want the best return. Any opinion?
Agents tell me to go for a new property. However, a BUC will not have rental until the project TOP, and unit rented out 3-4 years down the road. In addition, I am paying say $300 to $500 psf more for a new one comparing a similar size condo just next to this BUC. (actually the resale unit is bigger, new BUC units are really tiny).
So I am confuse, it actually looks like the under 5 years old resale is a better buy, because I am collecting rent for this 3-4 years period (tenants are paying for me), no doubt when the BUC TOP, this resale will be ~~ 8+ years old, wouldn't this also have some capital gain abeit slower gain comparing to the BUC. Resale completion is within 2-3 months, and I have the funds ready to pay for the required.
Net effect, they even out. As investor I want the best return. Any opinion?
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