Your search results

5 Cons Of Buying A Resale Property

Posted by Jayson Ang on March 7, 2024

| 0

Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and prime locations, to top-notch amenities and an affluent lifestyle, there are many reasons to consider investing in a luxury property in these districts. However, when it comes to choosing between a new development and a resale, there are pros and cons to consider. In today’s episode, we’ll delve into the five key cons of buying a resale development in Districts 9 and 10, to help you make an informed decision.

Older amenities: Resale properties may have older or outdated amenities that need to be updated or replaced, which in turn will incur more costs for the residents to maintain. Potential viewers might also be put off by the old design therefore reducing demand
Lower Balance Lease : Unless it is Freehold, Leasehold property tend to depreciate once it reaches the 30 years mark as the lower remaining lease may affect future buyers from apply bank loans, therefore affecting their purchasing power, limiting future pool of potential buyers
Maintenance concerns: Resale properties may require more maintenance and repairs than new developments, which will incur higher monthly maintenance fee
Hidden issues: Resale properties may have hidden issues that are not immediately apparent, such as structural problems or outdated systems. Depending on the items, replacing them can be very costly.
Potentially lower appreciation rate: Some resale properties may not appreciate as quickly as new developments because there are newer developments that may be taking the demand from the older properties in surrounding area

If you would like to arrange a viewing appointment with us in Singapore, do send us a DM here at 五新房产

And if you want even more tips and advice on investing in the Singapore property market, be sure to follow, like and share, our XHS channel or contact us for expert advice, and I’ll see you in the next video!

Hello, 大家好！

今天在五新房产我们要跟你分享在新加坡购买转售房产的 5 个缺点。

1. 设施陈旧：转售物业可能有陈旧或过时的设施需要更新或更换，这反过来又会给买家带来更多的维护成本。买也可能会被旧设计推迟，从而减少需求。

2. 较低的余额租赁：除非是永久产权，否则租赁财产一旦达到 30 年大关就会贬值，因为较低的剩余租赁可能会影响未来买家申请银行贷款，从而影响他们的购买力，限制未来的潜在买家群体。

3.维护问题：转售物业可能需要比新开发项目更多的维护和维修，这将产生更高的每月维护费用。

4. 隐藏问题：转售物业可能存在无法立即显现的隐藏问题，例如结构问题或过时的系统。根据物品的不同，更换它们可能会非常昂贵。

5. 可能会降低升值率：一些转售物业的升值速度可能不如新开发项目，因为较新的开发项目可能会占用周边地区旧物业的需求。

如果你有其它跟新加坡房地产有关的问题，请留一条私信在我们五新房产的帐号。

想要更多关于投资新加坡房地产市场的技巧和建议，记得关注我们或联系我们获取专家建议。我们下一个视频见！

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

Buying Tips Mandarin Top 5

Don’t Get Scammed: The Top 5 Red Flags To Watch Out For In Singapore’s Property Market

Jayson Ang – July 14, 2023 –

Don't Get Scammed: The Top 5 Red Flags To Watch Out For In Singapore's Property Market When it comes to...

Blog Posts Mandarin Top 5

Unforgettable Vacation: The Ultimate Guide To Singapore’s 5 Best Hotels

Jayson Ang – July 6, 2023 –

Unforgettable Vacation: The Ultimate Guide To Singapore's 5 Best Hotels It's 五新房产, Singapore is a vibrant and exciting destination, known...

Mandarin Top 5

Singapore’s Property Insights : Where to Find 5 Hidden Gems?

Jayson Ang – June 14, 2023 –

Singapore's Property Insights : Where to Find 5 Hidden Gems? With its booming economy, vibrant culture and attractive regulations, Singapore...

Mandarin Top 5

Top 5 Reasons : Why Singapore’s Property Market Is a Safe Haven for Investors in Uncertain Times – Insider Analysis!

Jayson Ang – September 16, 2024 –

In today's uncertain global economic climate, investors are constantly on the lookout for safe havens to park their wealth. Amidst...

Mandarin Top 5

Discover the Best Breakfast in Singapore: Top 5 Must-Try Spots!

Jayson Ang – February 28, 2024 –

Trying out some of the best breakfast places, I've put together a list of the top 5 must-try breakfast spots...

Mandarin Top 5

Top 5 : Factors Influence Real Estate Investors’ Decisions when Investing in Singapore Condos?

Jayson Ang – December 11, 2024 –

Singapore's real estate market has always been an attractive investment option for both local and foreign investors. The city-state's stable...

All Blog Posts Buying Tips

Buying HDB Resale : How to Minimise COV

Jayson Ang – January 20, 2023 –

TLDR Understanding Cash Over Valuation (COV) is crucial when buying a resale HDB flat in Singapore. COV is the additional...

Mandarin Top 5

5 Homeowners Share Their Biggest Regrets Delaying Their Property Purchase in Singapore

Jayson Ang – September 12, 2024 –

In the fast-paced and ever-evolving property market of Singapore, making a timely decision to purchase a property can make all...

All Blog Posts Buying Tips

Discover How The CPF Accrued Interest Can Impact Your Property Sale Proceeds

Jayson Ang – April 12, 2023 –

Singaporeans are renowned for being smart and savvy - especially when it comes to selling their homes, whether it's an...

Buying Tips Mandarin Top 5

5 Things to Know About Singapore’s Freehold & Leasehold Properties

Jayson Ang – June 10, 2023 –

5 Things to Know About Singapore's Freehold & Leasehold Properties Here are 5 things you need to know about Singapore's...

All Blog Posts Buying Tips

Should I Move to a Private Property?

Jayson Ang – January 9, 2023 –

TLDR When considering an upgrade from HDB to private property in Singapore, it's essential to understand the differences and implications....

All Buying Tips

Essential Steps for Safely Purchasing Your First Home in Singapore

Jayson Ang – February 20, 2024 –

TLDR When considering buying your first property in Singapore, start by assessing your budget and qualifying for a permissible loan....

Mandarin Top 5

Top 5 Romantic Date Spots in Singapore

Jayson Ang – March 18, 2024 –

Singapore, known for its stunning skyline and diverse culture, is a melting pot of romantic opportunities just waiting to be...

All Blog Posts Opinion

Case Study : With Income Of $180K per Annum, Which Options Should I Choose?

Jayson Ang – February 28, 2023 –

TLDR When making property decisions in Singapore, it's crucial to consider various factors like affordability, loan-to-value ratios, and CPF requirements....