How to Choose The Right Property with High Potential Gain?

Otherwise just continue to read on.

1. Project Size

Target the bigger development!

The lesson learned from the quiz above is that the number of units in development is important.

The bigger project with more than 1000 units comes with a huge land size.

And usually comes with amazing facilities.

Plus, you will enjoy the lower maintenance fee as you are sharing among all the 1,000 neighbors.
Generally, you are paying less for more and better facilities.

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In addition, for big development, you will have more sales and rental transactions every single month.

But for the small project, the last transacted record could be 2 years back.

So, when you want to sell, the bank valuation may not be matched because the bank will always refer to the past transacted record.  And that will affect your future buyer’s decision.

2. Property Age

Go for the Younger Condo.
Generally, the resale value of the condo will increase at a very slow pace or stagnant when it is nearing 20 years old.
Your age is the biggest asset. Aim for the young condo or new launch when you are still young.
Because you can still gain a few rounds of profit through buying and selling.
Only when you are about to retire, then you may choose the older project.

3. Rich in Amenities

Meaning that, if you are buying a property for investment, look out for the surrounding within 1 or 2 km should have:

• Shopping mall
• Office / Job opportunities
• Good school / International School

A place that is rich in amenities will invite a lot more population, hence higher in demand and the price goes up!

4. Convenient in Transportation

The condo should be within 10 mins walk to the MRT station.
For those who drive, the condo location should be easily accessible to the expressway.

5. Right Entry Price

Of course, when the place has both convenience and amenities, the price won’t come cheap.

You can leverage on the Phase 1 price.
Enter early to make sure you get the best price possible and a higher chance for you to gain profit upon TOP.

In addition, avoid buying a project that hits the highest benchmark price for the vicinity.
Because this is more risky.

6. Future Developments nearby

There are a lot of future developments everywhere in Singapore.

But mainly focus on the massive ones.  Such as the massive transformations in Jurong and Greater Southern Waterfront, future big shopping mall, future MRT station.

And future MRT interchange will be a big bonus. Some of the news is not even officially announced yet!

These are where you should really take on the advantage.

7. Engage a Good Property Agent

If you are looking to buy, sell or rent, you should engage a trustworthy and knowledgeable agent who can really advise and assist you.
But how do you know if the agent is a good one???

Did you try to search for good food by checking on their google review?  Most of the time we will just follow the good review and hardly will go wrong right?

Yes, it’s the similar concept to differentiate property agent as well.

Oppsss… Did I just overly promoting myself here? Anyway…

I do buy, sell and rent for all residential properties in Singapore.

You may want to engage me for real estate service.

Plan For Yourself is very Important!

As a lot of people never plan anything before going to showflat, they usually end up paying more for a less ideal unit; thereby making less profit as compared to a better valued unit.

I suggest we have a short meet up first where I can share with you based on your case and what is the best scenario moving forward and based on the market now what are the projects best suit you!

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