Finding A Good Property Is Defining A Good Property

What makes such a piece of property worth purchasing? Realtor Justin Quek of OrangeTee & Tie tells us how to define one based on the 3F theory.

- Asih Jenie

As a real estate professional since 2006, perhaps the most common question posed to me over the years is, “Can you find me a good property, please?” We are privileged in Singapore to have a wide range of residential offerings in both the public and private new sales and secondary markets. In combination with education and exposure to an era of data overload, this creates a double-edged sword for many.

Analysis paralysis may set in or we end up making decisions that be less optimal. This is why The Straits Times article on a poll conducted in mid-2019 mentioned that Singaporeans spend more time on property searches than reading bedtime stories or even speaking to their parents.

When you ask a realtor to recommend a good property today, you may be presented with a wide range of options. How does one make any sense of this simple, essential question that has enormous ambiguity and subjectivity to it? Ultimately, it is only possible for a buyer to distinguish a good property by defining what a good property means to you. Here is a framework to keep in mind to discover the best property for you:

“WHEN YOU ASK A REALTOR TO RECOMMEND A GOOD PROPERTY TODAY, YOU MAY BE PRESENTED WITH A WIDE RANGE OF OPTIONS.”

FINANCES