Hi,
1) Sometimes feel sad that some people don't understand how the logic in property works especially in Singapore.
2) It is common knowledge a newly wed couples prefer to buy a BTO because it is subsidized by the government and can fetch positive sales upon meeting MOP.
3) Although private property did not receive subsidized from the government, the other portion on making a capital appreciation is the same as an HDB meeting MOP.
4) It is just a difference in terms of timeline. By buying a BTO, you waited for 2~3 years to build, then another 5 yrs to sell.
5) If the same timeline applies to a new launch, 2~3 yrs to build and stay for 5 yrs to sell. I strongly believed you will make a profit by then. Although you can sell after staying for 1~5 yrs depend on your plan. Because by then you should have aleady passed the 3 yrs from the date of purchase.
6) The logic is simple, the property prices will rise according to the country's economic growth although not directly linear proportion but closely related.
7) And we are also aware that buying a resale HDB can't make much because the lease is lower and the buyer is unlikely willing to pay a higher price for it.
8) The Same thing applied to a resale condo if your intention is to buy a resale condo and stay. You have to be in the right mindset that it is little or no profit makes from it.
9) Parc Oasis TOP in 1994, the buildings and facilities are 27 yrs old. The lease starts in 1991, meaning it is already 30yrs old. So you are buying it just for your own stay and can forget about making a profit from it.
10) You will have to accept that the facilities will be old, and the lift might start making squeaking sounds now and then.
11) If you intend to invest in property or at least make some money from it. Buying a small unit for a new launch for investment purposes will be a better idea rather than staying in.
12) If wanted to buy for the family to stay in, buy a newer unit will bring a better outcome than this chosen one.
Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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