What resale condo should I buy for own stay and capital appreciation?

When considering a resale condo for both own stay and capital appreciation in Singapore, several factors and recent market trends should be taken into account:

Location

• Areas with strong demand and limited supply tend to appreciate well. For example, the Core Central Region (CCR) and Rest of Central Region (RCR) have historically shown stable to increasing prices. In August 2024, CCR prices dropped slightly by 0.6%, but RCR prices increased by 0.9%.

Freehold vs Leasehold

• Freehold properties generally retain their value better over time compared to leasehold properties. You can explore freehold condo listings on EdgeProp SG, such as Meyer Blue in District 15, Newport Residences in District 2, and Watten House in District 11.

Capital Gains and Returns

• Districts with high median capital gains and unlevered returns are attractive. For instance, District 10 (Tanglin/Holland/Bukit Timah) and District 16 (Bedok/Upper East Coast) have shown significant median capital gains and unlevered returns in recent months.

Market Trends

• The overall condo resale market has seen stable prices with slight regional variations. The Outside Central Region (OCR) has remained flat, while RCR has seen increases. This stability suggests that buying in these regions could be a good long-term investment.

Specific Projects

• Look for projects with strong historical performance. For example, a unit at Nassim Mansion in the CCR area sold for S$12,080,000 in August 2024, highlighting the value of prime locations and freehold tenures.

Amenities and Accessibility

• Properties with good amenities and easy access to public transport, schools, and other facilities tend to retain their value and attract buyers. Use EdgeProp SG to filter listings based on these criteria.

By considering these factors, you can make an informed decision on a resale condo that suits both your living needs and investment goals.