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I’m looking for a house within $1.5m budget. I chance upon EM in Bedok Reservoir area which offer very good size below $1m. However, the unit is partial renovated and left with less than 60 yrs lease. In comparison, I’m looking at condo built ard 2011 - 2017 period within Bedok Reservoir and Tanah Merah area which within this budget, I can only get ard 900+sqft 2 bedder. I enjoyed bigger house. Either units I buy, will definitely need to renovate and redesign. I would like to get an advice which one should I choose. I’m considering the price I pay for EM which is less than 60yr old, the property might loss its value and if there is SER, I will not get back the money which was spent including renovation.
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3 Answers

If $$ value is what you are looking to get at the end of the day, then the answer is very obvious which unit you should go for since you already have the answer yourself. Space cannot be measured by $$ since it is non-tangible.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi, appreciate your sharing, I will share base on your current options what are the ways or methods that you can decide to determine what best for your next 5 to 10 years plan.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Hi,

Lease decay issue will be in the spotlight in the next 10 to 20 years to come as a good proportion of HDBs in Singapore are built in the 1970s & 1980s. I share your opinion that if you are buying an EM at near 800k - 900k range, 20 years down the road it may be tough to breakeven and recoup the expenses involved to acquire this property. If getting this you should buy with a mindset to stay throughout the balance lease and not expect to recoup everything. And the authorities have come out to clarify publicly only a small percentage of HDB will be designated for SERS.

For newer condos you mentioned they definitely can retain the property value better. Both areas have more infrastructure plans in the making for the next 10 to 20 years and prices will be supported by these initiatives.

But since this is for own stay, some other personal factors will also come into play as your family may need the space for own needs. So it is a balance on how to calibrate both aspects and optimize. You have already sold your current place? Perhaps we can discuss further at 97432395  .

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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