Updated: Sep 13, 2021
"Missed out on buying Bishan or Serangoon 20 years ago? Do not miss out on buying the next hot spot again!"
Image Source: URA
Currently, there are two main ways of earning from residential property investment. One way is of course rental yield and the other is capital appreciation. We will be mainly covering capital appreciation as it is difficult to predict location which has better chances of capital appreciation.
One of the easily available way is to interpret URA Master Plan. URA Master Plan is the statutory land use plan which guides Singapore's development in the medium term over the next 10 to 15 years. This means that the Master Plan is able to show what kind of future development a specific plot of land is earmarked for in the next 10 to 15 years. Hence, even before construction or announcement is made, you will already be informed the empty land next to your potential house will be residential, commercial or industrial.
Generally speaking, commercial development near to your potential house is expected to appreciate the house value while residential development will depreciate the house value in the long run. Industrial development like B1 may appreciate the house value as the development is not pollutive but future buyers may not like industrial development nearby and hence, your pool of future buyer may be lesser which reduces the price.
Looking to purchase your new home but unsure if you interpreted the Master Plan correctly? Contact Chester @ 8883 8301 for your free consultation.
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