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Hi, I am a first time home buyer looking for freehold condo in D9. I would like some advice on the following:
What important factors are worth considering when weighing between a newer (TOP 2010), more expensive unit versus an older (TOP 1990s) condo and using the savings on renovation?
What pitfalls should I look out for if I choose to buy a unit that is currently tenanted with a fair amount of time left on the lease?
Are preliminary bank valuations indicative of what I should be offering to the seller?

Thanks in advance for your help.
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9 Answers

Hi, I would advice that you appoint an agent exclusively to go thru the whole process. There are many benefits of it and it will definitely saves you a lot of time and effort as compared to searching and viewing of your dream home all by yourself. Last but not least, you do not have to pay any commission at all. So you have everything to gain and nothing to lose.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Afternoon,

For Freehold units, older units tend to have better pricing as per PSF. As they are freehold units, the valuation will not have much variations. Therefore it would be good to concentrate on the potential development that will be taking place.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Dear buyer,

It is definitely not easy to compare a new project against an older one point for point, therefore when advise a client like yourself who are open for both, we will only look into asking key questions to identify what could be a more suitable choice. Remember, it is not better, but more suitable.

Prior into going into the key questions, perhaps it is more important to know are you looking at the projects for your own stay or are you looking at purely to rent out as an investment?

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
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  • YS
    This is for homestay. thanks for your help!
Hi Sir/Mdm,

1. For older development, the units are usually more spacious with a better layout as compared to newer developments. Therefore the absolute quantum may be higher as compared to newer projects which units are smaller but are higher PSF. I would suggest shortlisting based on the location within D9 that you prefer.

2. When buying a unit with tenancy, do go through the tenancy agreement thoroughly to ensure that your interest as the landlord Is safeguarded. Do also take note the amount fo security deposit, in case you need to use it to do rectifications to the unit after the lease and any clause which allows the tenant to terminate the lease prematurely etc.

3. Indicative bank valuation can be a good gauge. However, in view of the soft residential market currently, a lot of units are transacted at below bank indicative.

Please feel free to contact me if you need further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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YT Tan (陈永达)
Good evening buyer,

Probably you can share more about your requirements and which two projects are you comparing. From there, perhaps I will be in a better position to advise you further.

Both projects might have their pros and cons. They might be proximity to amenities, public transport, ease to expressways etc.

Usually older projects are much more spacious compared to newer one so you have to determine whether unit size is one of your crucial considerations.

Btw how long is the lease left with? If I am able to view the unit, maybe I am able to observe whether there's any things to take note.

Usually I will advise my buyers to offer based on bank valuations and past transactions.

For private purchase transaction, buyers dont have to pay commission. You might want to consider engaging a professional to assist in your first home purchase.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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Hi,

Please write to me and i can share with you valuation investment information and experiences.

regards

Steven Wang
DTZ Property Network Pte Ltd
khim.wang28@gmail.com
 +65 9169 5023  Read More
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GAN ENG JOO ONASSIS
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Hi
Look like you have many questions regarding your purchase. May I assist you in the entire procedure? I have assisted many investors and clients to get their desired unit. Let me walk you through the entire process. You may reach me via 91442664  for a chat.
Looking forward to hear from you.
Tricia Tan 91442664  Read More
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Dear Buyer,

Have you engaged an agent or found a unit yet? If you haven't, I'll be able to assist you. I work with many buyers and assist them with the entire transaction in search of their dream home!

Bhavina Kaur
ERA Realty

M: +65 9170 8295 
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/Bhavina.Real.Estate Read More
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