What is the probability of profit after 5 years on a 3-room resale flat at 90 Dawson Road, level 23, when bought at $795,000?

To assess the probability of profit after 5 years on a 3-room resale flat at 90 Dawson Road, particularly one bought at $795,000, you need to consider several factors:

Historical Price Trends

• Resale prices for 3-room flats in the Dawson Road area have shown variability. In recent months, prices have ranged from $700,000 to $800,000. For example, in July 2024, a 3-room flat at Block 90 Dawson Road was sold for $760,000, and another at Block 87 was sold for $700,000.

Market Conditions

• The Singapore HDB resale market can be influenced by broader economic conditions, government policies, and demand-supply dynamics. If the market remains stable or sees an uptick, there is a higher likelihood of the flat appreciating in value.

Location and Amenities

• Dawson Road is located in the Queenstown estate, which is known for its proximity to amenities and public transport. This can positively impact the resale value of the flat.

Lease and Age of the Flat

• Since the flats in this area are relatively new (built in 2016), the lease remaining is substantial (around 90 years), which is a positive factor for resale value.

Potential for Appreciation

• Given the current prices and assuming stable or improving market conditions, there is a reasonable chance that the flat could appreciate in value over 5 years. However, predicting exact profits is challenging due to market uncertainties.

General Outlook

• If you purchase a 3-room flat at $795,000 and the market continues to perform well, you might see an appreciation in value. For instance, if the average price of 3-room flats in the area increases by 5-10% annually, you could potentially sell the flat for a profit after 5 years.

To get a more precise estimate, you would need to monitor market trends closely and consider consulting with a real estate agent or financial advisor who specializes in Singapore's property market. You can also check the latest resale transactions and trends on EdgeProp Singapore for more detailed insights.