What constitute a "good location" buy?

By The Folks @PropTalk - June 19, 2014 2 Comments

Someone asked us what we consider as “good locations” when buying property in Singapore.
Below is our 

  1. Districts 9, 10 & possibly 11 -   Although prices are kinda stagnant right now but properties in these districts tend to maintain their values better especially during the down cycle.
  1. Within 1-km of popular primary schools –   This is a tried and tested formula, especially for those who do not have any affiliation to allow you to register within Phases 1 to 2B. Although this is no guarantee of admission, your child will at least stand a chance to ballot for any vacancies left after the initial phases. And for those who are buying for investment purposes, properties within 1-km of popular primary schools tend to be an easier let (and possibly at higher rentals too).   And yes, we will put "proximity to International Schools" under this category as well, in view of the better rental potential.  
  1. Next to MRT stations –   Whether you are talking about Newton or Woodlands, properties within close proximity of MRT stations are generally more sought after, even from buyers who actually own cars!
  1. Proximity to amenities –   We are talking about food, supermarkets and even enrichment centres. Being the food nation that we are, imagine having a selection of food choices within your doorsteps (ala Upper Thomson area, and we said this with vested interests) every time you are hungry but don’t feel like cooking. Or imagine all your children’s enrichment needs are available within walking distance from your home, which means your helper can possibly walk them to classes rather than you having to drive them all over the place.
  1. Near to main roads –   Although one may not necessary wish to stay next to a busy road, having to walk a fair distance just to get to the main road may also be less than ideal. The wife and I used to stay at Clementi Park for awhile and while we love the space of our apartment and estate, we find it a tad far from the main road. Yes we both drive and there is a shuttle bus service for those who don’t, but it is still quite a hassle especially if you have to depend on the shuttle bus. And should you decide to walk the distance out to the main road, you will probably be drenched (either with sweat or rain) by the time you get there.
The above are just our humble opinion as always so we can all agree to disagree (if necessary). And please feel free to add to our list!

2 comments to ''What constitute a "good location" buy?"

  1. 1. Near to work (central)
    2. Near to mrt
    3. Near to many choices of transport (as many diff mrt lines as possible, buses)
    4. At least 3k rental income (hdb resale)
    5. More than 60 yrs lease remaining.

  2. For 2, 3 & 4, I think have to be near but not so near. Those that are very near face all kinds of traffic and parking problems.