What’s the average capital gain for resale condo older than 20 years?

For resale condos in Singapore that are older than 20 years, the average capital gain tends to be more muted compared to newer properties. Here are some key points to consider:

- Age and Appreciation: As properties age, especially beyond the 20-year mark, they often have limited scope for further capital appreciation. The price of older condos may have already peaked, and any additional gains are typically slower and less significant.

- Maintenance and Obsolescence: Older condos may require more maintenance and could face issues related to obsolescence, which can impact their resale value.

- Market Demand: Newer condos often attract more buyers due to modern amenities, better design, and sometimes lower maintenance costs. This can make older condos less competitive in the market.

- Tenure: For leasehold properties, the remaining lease tenure also plays a crucial role in determining the capital gain. As the lease shortens, the property's value generally decreases.

In summary, while there can still be some capital gain for older resale condos, it is generally less than what can be expected from newer properties. Investors often find better returns in new launch or under-construction properties due to their potential for greater capital appreciation and rental yields.