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Duane Cheng
31 Aug 2020
Financial Consultant at Prudential Assurance Company Singapore
Hi there,
If the said condo, would be for you and your family to live in, why not? However if you are looking in terms of asset appreciation, and opportunity cost, its a whole different situation.
Some places are still commanding high prices, due to good location with access to infrastructure and amenities, even at the 60-year mark. If you were to commit to a condo, and you are also trying to factor in future value, then you might want to also account for paying a premium for a good location.
Hope i was able to shed some insight!
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Factor in the years when you buy it. it is ok