It is entirely up to you to decide whether to purchase a unit there. Do however take into consideration the following:-
(1) in addition to the loan, there will be other charges to be paid monthly regardless of whether you occupy the place or not. These will include the quit rent, assessment, maintenance charges etc.
(2) A property which is not occupied will deteriorate. Pipes will get clogged. Will need to take note of termites as well. Will also need periodic cleaning even if you are not staying there.
(3) Do also take into consideration the probability of a break in.
That being said, you should be able to get a unit for cheap in PD. I have seen many units for sale way below the original purchase price.
BUYING A UNIT AT APT/CONDO/RESORT AT PD, WTA SUITABILITY BUYING BUYING A UNIT PD
Jan 29 2016, 03:47 PM
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