Advertisement

Anonymous

03 Jul 2019

∙

My friend has a 1BR condo in Geylang, 10 min walk from Aljunied MRT. However, he's having problems selling. What are some possible reasons?

He has been trying to sell it for about a year now however no one seems to be interested in it although I believe that the condo is situated in a decent location.

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Hi Douglas here. 2nd keynote speaker.

A few possible reasons. Asking price not realistic for its specific location. Geylang is actualy a great city finge location but the property has to be in the better lorongs.

Some lorongs are just too close to the red light lorongs and turn off many buyers. I only buy properties for my clients in the better, more wholesome parts of Geylang. They are all profitable.

Other reasons could be poor property maintenance, dodgy neighbours and mechanical carparking which can be a huge turn off. I once saw a condo in Geylang where tables and chairs are thrown into the swimming pool, a frightening sight to scare off any buyer, whether for own stay or investment.

You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283 Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey. Regards Douglas Chow

Reply

Save

Write your thoughts

Related Posts

Assuming price is the same and both are a 10 minute walk from the nearest MRT, which would you pick- a smaller condo at CBD fringe (550 sq ft) or a larger one in a location like Clementi (958 sq ft)?

How do I profit from my 4-room flat in Tiong Bahru? Should I sell my flat and buy a 4-room flat in the sub-urban area? Is it possible to own a Condo after selling your first flat?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

A few of my friends are applying for the Geylang BTO, in hope to sell it in the future for a profit. Is this a strategic move? How much of a profit do you think can be expected?

If I have 2 options: 1) buy BTO or 2) buy new launch Condo. Assume I can and will take the max. loan available and have no issues servicing the debt, which will make me the most $ if I sell in 10 yr?

Related Posts

Assuming price is the same and both are a 10 minute walk from the nearest MRT, which would you pick- a smaller condo at CBD fringe (550 sq ft) or a larger one in a location like Clementi (958 sq ft)?

How do I profit from my 4-room flat in Tiong Bahru? Should I sell my flat and buy a 4-room flat in the sub-urban area? Is it possible to own a Condo after selling your first flat?

I had bought a resale HDB flat with grant. After 10 years I sold and bought brand new EC. However, I have intended to sell my EC after 5 years. Am I eligible to purchase a new BTO flat?

A few of my friends are applying for the Geylang BTO, in hope to sell it in the future for a profit. Is this a strategic move? How much of a profit do you think can be expected?

If I have 2 options: 1) buy BTO or 2) buy new launch Condo. Assume I can and will take the max. loan available and have no issues servicing the debt, which will make me the most $ if I sell in 10 yr?

Advertisement