Tuesday, July 31, 2012

LOCATION, LOCATION, LOCATION!

One of the prime consideration in investing in landed property is LOCATION, LOCATION, LOCATION!

Besides, many people preferred that the house# does NOT contains a "4" in it, NOT having an irregular or odd shape plot of land, NOT facing or near a junction, and NOT along a busy or main road. There is nothing wrong or stopping one from buying such properties if you like the house, but when you want to sell later chances are you will face with these common buyers' objections.

Now here is an example of a cosy 2-storey semi-D in one of the most sought after location in District 10 off Bukit Timah Road that has none of the 4 NOTs. It is located well within 1km to Nanyang and Raffles Girls' Primary Schools, Hwa Chong Institution, National Junior College. A short walk will take you to the upcoming Tan Kah Kee MRT station (DT8), and the Coronation Shopping Plaza is just a stone throw away.

The land area is a very comfortable 332sqm and regular in shape (rectangular), with a wide frontage of approx 12m. Tenure of land is 999 years leasehold from 12/1875. There are 4 bedrooms on the 2nd storey, plus a large nanny's room and a maid's room on the 1st storey, and a spacious kitchen with dry and wet section.

The site is zoned for 3-storey semi-detached landed housing (Master Plan 2008), so it is possible to reconstruct/rebuild a 3-storey house with an attic and basement to enhance the asset value. Nevertheless when you buy a landed property, land is more valuable as you can't move or change it, but you can tear down a house and rebuild it as you like as long as it conforms to the regulatory requirement.

(Note: this property has already been SOLD by Bill Tey!)