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#**1559** (**permalink**) 08-10-2013, 01:48 PM

Thanks for the tips. It is timely that he sells his current condo for $1.7m to take profit as he bought the condo for only $780k in 2006. So after selling at $1.7m and buying a $1m condo, he still owns a condo and have $700k cash for investment. Also, his current condo is now older (12 years old) so good reason to tell his family and friends that he is buying a newer condo with better design.

Quote:

Originally Posted by Unregistered

I also agree that this is the best idea. The forummer who suggested this combined good ideas from others. Your brother's $1.7m condo is very valuable asset that he can now monetize given his circumstances. What he needs to do is to identify cheap, undervalued properties so that when he buys, he can tell his friends and family that he is positioning himself to take advantage of potential capital appreciation in locations with strong growth potential. One region where there is very high capital growth potential in the long run is the West region of Singapore. With the Jurong Lake District plan, the Jurong Region MRT line, the Downtown Line, etc, the West's property prices will go higher in the long run.

Some new condos your brother can look at are: Hundred Trees in West Coast (just TOP in 2013), Caspian (JLD growth story, next to Lakeside MRT station), Lakefront Residences (JLD growth story, next to Lakeside MRT station, TOP in 2015), Tree House (exclusive Chestnut area, Downtown Line 2 opening in 2016 (near Hillview MRT station), just TOP in 2013). There are 2 room units your brother can consider, priced at about $1m only. Hope this info will help your brother in his new property search.