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Will owners make more money by holding on to residential properties longer?
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It is crucial for buyers to assess their individual needs and risk tolerance when determining how long to keep a property, says the writer.
ST PHOTO: KUA CHEE SIONG
Christine Sun
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There is a common belief that it may not be financially wise to hold on to a residential property for too long. When a property hits about 20 years old, the value may start to decline as it ages, potentially leading to financial losses.
This leads us to the question of whether an optimal holding period exists for residential property investments. Also, are older properties destined to steadily lose their value, thereby causing owners to contemplate selling them as expeditiously as possible?
