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Hi

Thanks for sharing the query.

Care to share which development this is located at, and is it a 99 year leasehold development? If so, the balance lease is approx 60+ years which may have challenges for resale next time, if you plan to stay 20 years or so and sell again next time. So the question to ask would be the current known objectives for going ahead with the upgrade now (and by extension this development), as well as the approx time horizon you are looking at? (Stay long term or maybe a 10 - 20 year period).

Another question will be if you are buying as a 2nd property and paying the ABSD, or planning to do a straightforward sale and upgrade?

Its good to set aside a buffer for some months of mortgage repayments, depending on your age and risk appetite.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Hi, appreciate your sharing. Able to do a bank loan check base on your request and wanted area. Ready to meet up with you to share the options.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, may I know which project is that and as you mentioned its an old development and so there isn’t much capital appreciation attach to it.

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

Without knowing the full details of the listing you are referring to, it is not easy to determine whether this is a good choice. The question now is why do you have concerns in terms of buying into this development or this listing? Once you are able to distinguish your concerns, then you can also ask yourself what can be done then to address your concerns or if there are other better choices around based on what you need.

There is no rocket science to such approach, but rather agents are doing the same thing, but just packaged them into nicer terms like Asset Progression, or whichever framework they like to brand it.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

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1. if it's a 99-year leasehold? If so, the remaining lease might be around 60+ years, which could pose resale challenges in the future, especially if you plan to sell in 20 years.
2. Consider the purpose behind upgrading now and the timeline you’re looking at—whether it’s a long-term stay or something more short-term (10-20 years).
3. Another important point is whether this will be your second property, with ABSD involved, or a straightforward upgrade and sale.

It's wise to set aside a financial buffer for mortgage payments based on your age and risk tolerance. We can do a bank loan check based on your preferences and location. Let’s meet up to discuss the available options.

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QUOTE OF THE DAY " “In negotiations, the most important thing is not to win or los Read More

Good day to you,

There are a couple of issues to consider:
1) Is the targeted project a freehold or leasehold property?
2) Based on both your age and TDSR, what is the loan amount that is at your disposal?
3) What are the cash component available?
4) The district and location of the targeted property.

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Mike Lim
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Mark, your RIGHT choice
Propnex Read More

Hi, based on what you have said thus far, I believe that it is a leasehold condo since you are concerned with the age of the condo.

Assuming it is for capital appreciation, the unit will most likely be left with 50-60years lease when you plan to sell it, this will mean that lease decay might set in ( the unit might not make a loss if the market is doing well, but profit will be minimal) and as with all old developments, the maintenance fee will go up usually and it might not be as good an investment plan.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More