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Hi Mr Siang, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi Mr. Ong,

(1) There are some pros of buying old condo:
(a) With the same price you can get a larger size and more spacious comparative to the new ones.
(b) You can see exactly what you are getting at, inside & outside of your unit, and the surrounding amenities, available transportation.
(c) Can renovate to your style.

Main cons are:
(a) Majority of the older condo are quite run down in terms of the unit and facilities.
(b) Higher maintenance fees
(c) Have to do a major overhaul on the unit.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi,

Apart of what CK mentioned,

The cons of buying an old condo would be

1) May having potential of capital lost instead of gain. The reason being, as for example, Chiltern Park, TOP much earlier, and the very 1st owner purchased price might be much lower comparing now. These owners may afford to sell it much lower than what is market asking right now.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More

Hi Mr Ong,

Chiltern Park lease starts in 1991, hence the balance lease is 73 years.

Buying for own stay is totally different from buying for investment. If you're buying for investment, I will definitely advise you against Chiltern Park, because there are plenty of better choices around for you to consider.

But since this is for your own stay, criteria like proximity to amenities and work place can save you precious time, and these can't be bought using money. You will have to consider these factors carefully as well.

However, in the capital appreciation point of view, you may have to ask yourself, how long do you plan to stay in this condo? Because condos with balance lease of below 60 years, you will find it hard to get buyers. If you purchase it today, your best hope of making money from it would be for it to go en bloc in the future.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More