Hi Mr Karthik,
Thanks for your query!
Generally speaking, as an old property, the price has already peaked appreciation and have limited scope of appreciating further due to age and possibly,tenure.
If your long term objective is investment, I would rather advise a new launch/ under construction property. It has greater rate of returns and a better rental yield as statistics have suggested, in comparison to resale properties.
To justify - under construction properties are substantially cheaper than resale properties within the same vicinity so you make an instant profit on purchase. Following the time till TOP, the property generally appreciates a few folds. From TOP to a couple of years down, your property appreciates more. If you closely monitor the timeline, your property trajectory is on a high from the day of the purchase to many years down. Furthermore, brand new condominiums are able to attract a greater tenant pool, hence maximizing your rental yield.
Perhaps you can share more on your requirements and finances so that I can provide more insights and advise what's the best step to undertake, as a professional real estate consultant. To enhance your understanding, I would chart out the price analysis of older 99LH/Freehold v under construction 99LH/Freehold properties of the desired location / surrounding vicinities to study the capital appreciation figures and rental yield. Furthermore, a customized sales report will be made available to narrow down your options. With the financial calculations and progressive payment, I would be in a better position to narrow down projects with high yield for your perusal.
As there is no agent fees involved, I would walk you through step by step the entire procedural framework at no cost, advising and working closely with you on your purchase. Hope to be able to assist further. Do visit my website for my recent awards and testimonials!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
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