How to Know When to Sell Your Leasehold Condo Before Its Value Declines? #AskRealtorMani

How to Know When to Sell Your Leasehold Condo Before Its Value Declines?

#AskRealtorMani Now! Live ?? https://wa.me/6583004411?

Problem: Ever wondered how long you should hold onto your leasehold condo before it starts losing value? It’s a crucial question for property owners in Singapore, especially with the unique market dynamics of leasehold properties.

Pain Points: As leasehold condos age, their value typically starts to decline due to “lease decay.” This can affect both potential resale gains and your ability to upgrade to a better property. Hold it too long, and you risk diminishing returns. But sell too early, and you might miss out on appreciating its value in the prime years. Understanding when to act is key, especially as most leasehold condos follow a predictable cycle of value appreciation and eventual stabilization

Solution: The general rule of thumb is that leasehold condos appreciate fastest during the first 10-15 years after launch. Afterward, growth slows, and value stabilizes until around the 30-40 year mark, when lease decay begins to have a significant impact. To maximize returns:

1. Monitor Market Trends: Keep an eye on demand in your area. A well-timed en-bloc sale could yield better returns than waiting for individual resale value.
2. Plan for Asset Progression: Use gains from selling to upgrade or diversify your property portfolio before lease decay affects your condo’s attractiveness.
3. Seek Expert Advice: An experienced real estate consultant can help you evaluate market conditions and time your sale for the best returns

Take Action: Don’t let your condo’s value slip away. Reach out to me, #AskRealtorMani, for a free consultation on when and how to make your next property move. Let’s secure your financial future together!

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