Hi Mr. Clarence,
In my humble opinion, if you are open to different locations, you may like to consider locations where there are major developments in the pipeline, if capital appreciation is one of the priorities. If there are new ECs in those areas, it is a bonus, and one such area is Punggol.
In the next 2-3 years, various amenities such as Waterway Point Mall, Safra Punggol, Community Centre, Northshore commercial area, and a tertiary education institute are upcoming major developments. Punggol is also a testbed for Smart Technology, and much further on the Cross Island line will connect the town to rest of Singapore. These are all potential price drivers for the residential developments there.
In mature estates, no doubt the infrastructure is already there, but these are already being priced into the selling prices. You may like to ask yourself whether there are drivers for capital appreciation in the regions you are considering, and whether someone is willing to pay higher than what you are paying now for the project you fancy.
Since you are buying for long-term own stay, the 5 year MOP shouldn't be an issue. ECs are already priced 20% lower than comparable condos, there are reasons why ECs are favored if the income ceiling is not an issue.
May I speak to you to understand your requirements further?
Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com
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