Been doing the groundwork for a suitable/safe form of property investment (apt/condo)which i might venture in the next 6 to 9 mths when $$$ is right
...my main areas of concern being a prudent investor...are...
1)rental potential
2) capital appreciation as well as being able to hold value during downturn
3) Liveability in case i need to stay there
4) peace/quiet
enviroment
for the sake of argument and clarity maybe i just highlight 2 similarly priced condos with VERY different attributes...
1) Astoria park...NEXT to kembangan MRT..99 yr leasehold
2) Changi court..FREEHOLD...next to upcoming upperchangi mrt/4th uni..
current pricing for 2 bedder at both places about 900k to 1million...
i WOULD be comfortable going in at 800k(next year?)...hope thats realistic
i find it very difficult to choose one over another...my 2
thoughts...
1)Astoria Park...cant go wrong next to east/west mrt line(always be in demand),kemabangan area quite nice surrounded by private property,i know got to be careful in unit selection cos some units can be noisy facing track,a bit concerned about big open field next to mrt..wats coming up there another condo??....being a 99 year property i dont know how much more it can appreciate??
2) Changi court....looks more like dormitories than condo..
...TREMENDOUS potential if no screw ups with 4th uni and MRT(given spore track record should be no issue)....ENBLOC potential...maybe...rentability for next few years doesnt look promising till uni/mrt comes up...FREEHOLD...that is the MAGIC word....
so since we all here to TCSS let me hear ur views.....