4 Views· 30 August 2022
5 Reasons Why An Older Condo Can Be A Good Investment
“Lease decay” is the buzzword that never seems to go away. On the HDB end of things, it leads to constant complaints that you “don’t really own your flat”. In Singapore’s private property market, it leads to comments like “*99-year lease and so old? You may as well buy HDB”.*
And yet, even a brief glance at URA records will reveal there are buyers; there’s interest even in condos dating back to the ‘70s and ‘80s. Perhaps more surprisingly, some of the buyers aren’t’ always owner-occupiers. This leads to the question of *why*: what investment value is there, in older condos?
Here are 5 reasons why an older condo can still be a good investment:
- They could have higher rentability
- Rental yields tend to be on the high side
- Freehold condos mitigate some of the worst aspects of age
- There could be recent upgrades to the area
- En-bloc sale is a good possibility
For more details, please read the full article at: https://stackedhomes.com/edito....rial/how-can-an-old-
0:00 - Intro
2:29 - #1 - Higher Rentability
4:07 - #2 - Rental Yields Tend To Be On The Higher Side
5:21 - #3 - Freehold Condos Can Mitigate Worst Aspects Of Age
6:33 - #4 - The Surrounding Area Has Changed Significantly
8:03 - #5 - Potential For En Bloc
9:08 - So Are Older Condos Good/Better Investments?
10:57 - Outro
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.
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