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Tapioca · 02-01-2016, 08:32 PM

I don't get why there are still lineups for presale condos. From an investment perspective, you're looking at a 3-5% return these days which is pretty small. I guess the old Chinese mentality about real estate is hard to break (even though a strata lot is far from a piece of land).

In my experience, you're better off buying something that is around 3-5 years old. You'll have a better sense of the building's strengths and weaknesses, the strata and fees, and how the individual unit has fared.

All buildings have issues. Expect the worst, but hope for the best.

02-01-2016, 08:32 PM	#4704
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,806 Times in 1,250 Posts Failed 81 Times in 54 Posts	I don't get why there are still lineups for presale condos. From an investment perspective, you're looking at a 3-5% return these days which is pretty small. I guess the old Chinese mentality about real estate is hard to break (even though a strata lot is far from a piece of land). In my experience, you're better off buying something that is around 3-5 years old. You'll have a better sense of the building's strengths and weaknesses, the strata and fees, and how the individual unit has fared. All buildings have issues. Expect the worst, but hope for the best.