4 Tips when choosing a property

Whether you are investing in a property for the first time or a regular investor, did you know there are some major factors to consider when choosing a property? For instance, the location of a property or any upcoming transformations in the area that will greatly affect the value and potential gain of each property. Here are 4 tips to take note of when investing in a new property.

How will future developments affect your capital gain?

URA Master Plan is one of the most important tools used to plan the upcoming developments across Singapore. This will induce quality living and the likely value of a property will stand capital gain if you are eyeing on.

How will the size of the development affect the price of the unit?

Larger developments mean more units. That in turn means more units will be up for sale. With a higher number of transactions, the increased competition from sellers will naturally push up the price. These constant transactions are advantageous and bring incremental gains, as each unit is sold at a slight premium to the last. 

How will surrounding transport networks affect the popularity of the unit?

With the obvious convenience MRT line brings, properties near MRT Stations are always in high demand. Future transformation with an increased MRT lines options will surely impact and drive the prices of these potential future developments for homebuyer and investors.

How will schools and institutions affect the attractiveness of the unit?

Homes located near schools—especially good schools—are often wished by homebuyers. A survey found that 20% of homebuyers would pay more than their budget for a home near a good school and resale properties will continue to enjoy great demand.

Would you like to find out more in details of the aspects that will implicate your future investment? We are Pamela & Shirley from Wonderhomes.sg! Click comment below or drop us a PM & we will get back to you soonest!