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Is it Good idea to buy 15+ year old condo for self occupation aay with a horizon of another 10 years? For a 99Yr leasehold property, what is the approximate life of the building? How badly are the valuations affected say for a 40 year old property with another 59 year of lease left?
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Jeron Lee
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Hi Sir,

The location would plays a big part when the leasehold property turns 25 in 10 years time. There are many 20+ years condo that are still enjoying good capital appreciation and rental yield despite their age e.g. Mandarin Gardens, Bayshore Park etc.

The challenge for a 40 year-old property is that its layout, facilities etc may not appeal to the new buyers. The loan tenure may also be a concern for the not-so-young buyers. Nevertheless, those in good locations e.g. Pearl Bank (TOP 1974), International Plaza (TOP 1976) will continue to attract buyers and tenants.

Good luck with your property hunting and feel free to call should you need any help.

Best regards,
Jeron Lee
Mobile: 90015060  Read More
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