With the high costs of property in Singapore, we all want to buy a condo whose value stands the test of time.
Unfortunately, good unit appreciation potentials aren’t always fulfilled.
Take Urban Vista for instance. A beautiful development situated within immediate proximity of the Tanah Merah MRT station, with the East Coast Park just beyond that. One wouldn’t expect a drastic depreciation in value here.
OUE Twin Peaks, in the same vein, rises proudly over the glitzy Orchard precinct (our place of emphasis today) – a twist of iconic architecture tinged with key centrality.
Yet if you were to look at its complete resale transactions list, you’d notice 23 unprofitable transactions to its name.. with just 2 profitable transactions to date!
So why is this the case?
Well, there are a number of reasons to account for.
In today’s piece, we single out some possible factors that could have led to