In The Money

Newer units have better facilities, older ones have more living space

In this fortnightly series, we address readers’ queries on investing issues. This week, we look at the value of older leasehold condo projects.

A potential buyer checks out a planned new development in Singapore, in November 2021. ST PHOTO: GIN TAY
New: Gift this subscriber-only story to your friends and family

Q: My wife and I have sold our condo unit as we received a good offer and we are looking to buy another one. The prices of leasehold condos from the 1980s seem quite attractive. In addition to less chance of significant capital gains in the future, what other downsides should we be aware of? We are in our 50s and have two children in secondary school.

The private resale market ended on a strong note last year. There was a significant rebound in buyers' interest, and sales volume surged to a 14-year high.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.