Sometimes you really just have to look past the dated exterior, peeling paintwork at places, and a facility list shorter than the list of countries we are currently allowed to travel to.
The truth is that old condos still have a lot to offer, with its biggest advantages being the (usually) expansive grounds and more spacious unit sizes.
Some old condos can still be viable investments as well, there are even some buyers who emphatically seek out this “old gold”. Whereas you may see faded playgrounds, tiny pools, and residential blocks that Lara Croft should be exploring, some investors see hidden gold mines.
Here are some of the top (old) condos since 2010, that still impress with their location and gains:
To provide a point of comparison:
Source: Squarefoot Research
Just so you can understand the gains of these old condos, here’s a snapshot of the condo market (excluding ECs) at this point: between 2010 to the present, prices have risen...