What are the factors to consider when buying a Property? ( For Investment Edition )
Updated: Nov 25, 2021
Every property owner, be it they want to buy for investment or for stay, will prefer to have convenience. Being able to simplify your daily routine by having all the amenities in your vicinity, especially being in a country as busy as Singapore.
Hence, likewise, when one is looking into buying a property for investment, try and think convenience for your potential tenants. Are they looking at a certain location to be near their workplace, schools, shopping malls, MRT, nice view from the apartments, amenities? In general, when you have all these factors, the rent for that particular unit or condo can fetch a good rent.
Most property buyers buy emotionally. Be careful not to fall into that trap. One of the most overlooked factors is to see if there is a new condominium being development around the vicinity, and what is the average psf of the condo. Then, do a market price comparative between the condo that you are keen on between the new condo?
For instance, the Quartz condominium @ ( 1160psf ) is just next to Sengkang Grand Residences @ ( 1600 psf ) and just 200m away from the MRT. Despite its 99 yr-leasehold, its still a young development of 10 years, and once the new shopping mall Sengkang Grand Mall is operational, it will be even more convenient to an already convenient area.
Do you think the price for Quartz will increase further from 1160 psf? I reckon it will.
Once Sengkang Grand Residences is ready for occupancy, it only make sense the owners will only want to sell at more than 1600 psf, pulling the Quartz prices up as well.
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