Condo priced between 1.5 to 2 million that are undervalued and likely to increase markedly in the next 5 years

To identify condos in Singapore priced around $1.5 to $2 million that are undervalued and have the potential to increase markedly in the next 5 years, you should consider several factors:

Location and Future Development

Look for areas with upcoming infrastructure developments, such as new MRT lines, schools, or commercial hubs. For instance, properties near the upcoming Marine Terrace MRT station, like those in District 15, could see significant appreciation. Condos like Vibes @ East Coast, which is close to this upcoming MRT station, could be a good investment.

Price Gaps Between New Launches and Resale Properties

Identify areas where there is a significant price gap between new launches and resale properties. For example, older freehold properties like Calrose, which is 16 years old, may be undervalued compared to newer developments like Lentor Modern. Despite the larger floor area, these older properties can offer better value per square foot and may see price increases as the area develops further.

Proximity to Amenities and Transport

Condos that are close to amenities such as schools, parks, and MRT stations tend to appreciate in value over time. For instance, Jui Residences, located near Potong Pasir MRT and within 1km of St. Andrew Junior School, offers a high rental yield potential and is likely to increase in value due to its convenient location.

Freehold Status

Freehold properties generally appreciate more over the long term compared to leasehold properties. Condos like Guillemard Edge, which is a freehold property with amenities and close to Dakota or Aljunied MRT stations, could be a good investment due to its freehold status and convenient location.

Market Trends and Hype

Areas that have recently seen new condo launches often experience a surge in interest and prices. For example, the Lentor area has seen significant interest with the launch of Lentor Modern, which could drive up prices of surrounding resale properties as the area becomes more desirable.

By focusing on these factors, you can identify undervalued condos in the $1.5 to $2 million range that are likely to see marked increases in value over the next 5 years.