Apr 7 2022, 09:10 AM
QUOTE(MegaCanonF @ Apr 7 2022, 08:44 AM)
So I have 1 condo that is just entering almost 3 years now.
now its currently tenanted, but in the future I wish to dispose this property. Is 3-5 year holding time ideal? I will just continue tenancy for the third year, and plan to dispose it next year. (due to personal reasons, I don't wish to own stay in this condo anymore)
Or any sifus have any other advice? recently MRT3 was announced just near my condo, should I dispose before or after the construction finished?
Appreciate your thoughts on this.
By the time mrt3 completed, it will be another 10 years. During the 10 years, many newer condos will be up. Choices for highrise subsale will be plenty and high % of condos will be near the train line.now its currently tenanted, but in the future I wish to dispose this property. Is 3-5 year holding time ideal? I will just continue tenancy for the third year, and plan to dispose it next year. (due to personal reasons, I don't wish to own stay in this condo anymore)
Or any sifus have any other advice? recently MRT3 was announced just near my condo, should I dispose before or after the construction finished?
Appreciate your thoughts on this.
Newer condos have more perks from developers .... zero down, free legal fees etc.
If your current unit price the same or less than purchased price , unlikely it will appreciate in the future.
This post has been edited by mini orchard: Apr 7 2022, 09:28 AM
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