AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi I am looking for a condo with enbloc potential, in the meantime I can rent out the unit so preferably near mrt, I would like condos in East, central, and near central like bukit timah, budget between 1.2-1.5m. Would you have any suggestion?
0 •
610 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Ken Tan
Replied
Hi,

If you are looking at condos with Enbloc potential, it means that there are already talks about enbloc or it has already failed many times. When there are talks about enbloc, the owners will usually try to sell it at a premium to cash out earlier.

If you are looking at a time frame of less than 10 yrs, i would suggest that you put that some of money into commercial property that can give you a better cash flow and much higher capital appreciation.

If you are going for more than 10 years, get a freehold property that is close to MRT, you will have a lower rental yield but property like those are good for holding long term.

Just my opinion.

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions