The year is 2017, the market is on a bit of a slowdown and you decide this is the right time to buy an investment property.
You have always been a bit of a traditionalist, and you subscribe to the theory that freehold properties will perform better.
You found an ideal property – a new condo that was just completed in 2016 in District 10. It’s freehold and just opposite good schools like SCGS and SJI. It’s 5-minutes walk away from an MRT station that has 2 lines, and you even have a Cold Storage just next door.
Plus, for a small development of just 100 over units, it even has a rooftop tennis court.
What’s not to like? It ticks all the boxes on paper.
At the same time, your friend tells you about this other property in the equally premium District 9.
It’s a 99-year leasehold condo though, and will only be completed in 2021. There is...