Asked by Marcus Tan
Im a Malaccan who wishes to own my very first property for solely investment purpose.
Im vry interested in a luxury serviced apartment in the heart of the town. Good location with good amenities and surrounding area is booming. Price is RM350k for a 689sqf 1BD (RM509/sqf). Love the overall concept. However, Im in a dilemma as the property only left with 87 yrs by the time I get the key in 2018.
My questions:
1. Will it be a wise investment, if I plan to resell it after 5 yrs? Should I go ahead or look out for other property?
2. Is it normal for developers to develop the land after 10yrs?
Would appreciate if you could shed some lights. Looking forward to your kind reply. Thanks.
Im vry interested in a luxury serviced apartment in the heart of the town. Good location with good amenities and surrounding area is booming. Price is RM350k for a 689sqf 1BD (RM509/sqf). Love the overall concept. However, Im in a dilemma as the property only left with 87 yrs by the time I get the key in 2018.
My questions:
1. Will it be a wise investment, if I plan to resell it after 5 yrs? Should I go ahead or look out for other property?
2. Is it normal for developers to develop the land after 10yrs?
Would appreciate if you could shed some lights. Looking forward to your kind reply. Thanks.
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