Saturday, Sep 13, 2014
You want to buy a home that you can sell at a profit years from now, or pass on to your kids as an asset. Here's how to pick a winner.
Suss Out The Neighbourhood
If you've got your eye on an area, research what developments will be taking place over the next 30 years. Does the government plan to build a new MRT line nearby? Will there be new malls and schools coming up? These things could add value to the property.
If you'll only be able to invest in a few years' time, investigate up-and-coming districts.
For instance, with the government planning to decentralise the CBD, we'll see more offices and industrial hubs shift to places like Jurong East, Woodlands and Seletar Aerospace Park.
This could make these areas more popular among homeowners. Get more information from the Draft Master Plan 2013 and the Land Transport Master Plan 2013 - these can be found on the Urban Redevelopment Authority (URA) and the Land Transport Authority websites respectively.