According to our data, The Jovell enjoyed a capital appreciation of 2.68% annualised over 8 years while the rental yield is 3.24%.
You may refer to our data here: https://www.propertyguru.com.sg/project/the-jovell-23508#recent-transaction-prices-and-insights
Meanwhile, according to data from URA, there were 26 resale transactions in District 18 at a median price of $1,001.73 per sq ft in July 2021.
In comparison, there were 15 resale transactions in District 18 at a median price of $801.73 per sq ft in July 2016.
This represents a price appreciation of 24.95% over 5 years.
From the data above, they suggest a resale condo has a better capital appreciation in general.
Hope this answers your question.
Mark, your RIGHT choice
In 2 years time, there will be a mixed residential commercial development Parc Komo nearby Flora area which will offer retail shops and supermarket and childcare facilities. This will help to bring more convenience to Flora area.
May I know which resale development you are comparing with? Happy to share the pros & cons of both.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.
We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.
We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!
Is there a reason to shortlist Jovell and the resale project in Pasir Ris for comparison? Need to really understand what your considerations are behind shortlisting these 2 projects for comparison in order to provide a more relevant opinion that blindly giving you opinions.
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You are indeed right that the location of The Jovell lacks amenities. However there is a new mixed development being built near there which will actually boost the value of the location. It will have retail shops, supermarket and a childcare centre.
May I also know which is the resale condo you are comparing with?
I will be able to do a comparison analysis for you and give my honest inputs on which would be better. I look forward to hearing from you and assisting you to choose the right property.
Mobile: +65 91708295
1) From your question, it is obvious you prefer to stay in the east.
2) You are absolutely right that connectivity and amenities are important.
3) You might be driving but what about your family members. Especially kids will grow up and still not reach the legal age to drive.
4) Your future buyer will have similar needs as you perceived.
5) Thus it is important that you have taken these needs into consideration when purchasing a property.
6) The other factor we usually have is the potential of growth, which sounds unimportant to you as property price is rising overall.
7) Consumers will only read the property price index increase or decrease from news and that's all.
8) We have to study in-depth how and why there is a potential for every property we come across.
9) Thus most of us know which property has better growth compare to the other.
10) Personal point of view is these 2 that you have chosen might not be able to meet your main objective in long term.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: email@example.com if more information is needed.
I'll be glad to assist.
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly.
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it is always advisable to go for a new launch if possible due to its 1st mover advantage and also to maximise your capital appreciation. Hope to share more with you.
You mentioned this purchase is for your investment? Just curious why do you narrow yourself to these 2 choices?
For property investments, most investors look at 2 critical factors before they consider whether the property is worth investing:
1) Rental Yield
2) Capital upside potential
Amenities and Accessibility is not a crucial factor when it comes to property investment.
So, how do we derive rental yield and also "predict" the capital upside potential? Perhaps I could share more with you if you're interested?
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.