Investment

How Can An Old Condo Be A Better Investment?

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Adrian
Adrian
3 years ago

Wish to know whether it is good option to invest in old Executive condo for enbloc is this viable if the GPR is yet to be maximized like Summerdale condo.

Stacked Homes
Admin
3 years ago
Reply to  Adrian

Hey Adrian! Sorry for the delayed response!For En-bloc to be possible, it all depends on the current owners. First off, 80% consensus has to be achieved first before a development can be put up for en bloc. Chances is pretty slim in the district as there are many other plots for development since HSR is cancelled – hence freeing up the land plot for other use, which may include residential. We can’t predict and affirm that all development would be successful in their en bloc, hence it is a risky move for one to take. We always prefer to think of en bloc only as a bonus, and a primary goal.

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