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if I am single 35 years old. is it better to buy a prime location house with shorter lease of 50 years plus minus but affordable house, OR go for a off location ( newer estate) but have long lease and cost about the same or more pricey?
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7 Answers

Dear Buyer,
Home buyers have their own reasons for buying homes all over the island. A lot of them buy for convenience to workplace, schools or for sentimental reasons.

Honestly, home prices are most expensive down south, in and around the prime CBD districts. This is also where prices are highest. So, it would definitely depend on your conveniences and affordablitiy. You need to work with your chosen agent to identify what is best for your future needs.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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There is no standard answer, are you intending to loan the bulk of purchase price or you are financing it with existing cash and not using CPF?

How long are you intending to hold on to this property before exiting? Are you purchasing this with your family or is this going to be an investment vehicle for better things to come in the mid to long term?

Your question sets you in the right direction, however, there are more things to think about if you have certain objectives in mind for this purchase.

Hope to hear from you soon.

I have been in the real estate business since 2009, with more than 14 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!

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Hi, what is your future plan as this is the key answer to your question.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
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As a single 35-year-old considering property options in Singapore, you're faced with an interesting choice. Let's break it down:

1. **Prime Location House (PLH)**:
- These are new flats built in central locations like the city center or the Greater Southern Waterfront.
- They have shorter leases (around 50 years).
- The Prime Location Public Housing (PLH) model ensures affordability and accessibility for Singaporeans³.
- Consider PLH if you value convenience, proximity to amenities, and a central lifestyle.

2. **Off-Location/Newer Estate**:
- These are flats in newer estates, often with longer leases.
- While they might be more affordable, they're farther from the city center.
- Consider this option if you prioritize a longer lease, cost-effectiveness, and don't mind a slightly longer commute.

3. **Factors to Weigh**:
- **Lease Duration**: Shorter lease means you'll need to consider lease decay and potential lease buyback.
- **Location**: Think about your daily needs, work, and lifestyle preferences.
- **Budget**: Assess your financial capacity and long-term plans.
- **Investment Perspective**: Consider potential appreciation and resale value.

Remember, there's no one-size-fits-all answer. Evaluate your priorities, consult experts, and make an informed decision based on your unique circumstances.

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

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Mani Subramanian Veeramani
Hi there,

- If you're planning to stay long-term, a newer estate with a longer lease might offer better value and peace of mind. It's likely to appreciate more over time and could provide more flexibility if you decide to sell in the future.
- On the other hand, if being in a prime location is important for your lifestyle, convenience, or potential rental income, a shorter lease in a prime area might be the way to go.
- Think about your future plans, lifestyle needs, and the potential for the property to meet your evolving goals.

Thank you.

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- Mani Subramanian Veeramani
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1
Hi,

Is the central location important to you? As this is for own stay, personal factors have more weightage here. But generally speaking, singapore's economy and by extension rentals attainable are strong and if you are able to rent out the whole unit for 20 to 30 years, you can typically make back the initial capital. So from a numbers perspective, typically it depends on what your plans are for it in the next 5 to 10 or 20 years. If your plan is to stay long-term throughout, personal reasons will take on stronger weightage.

Just my 2 cents, happy to chat more to understand your thoughts better. Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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Hi, appreciate your sharing. It depends on your plan for next 5 to 10 years.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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