17 Mar '11, 11pm

[Business] With so many factors to consider compared to only "location", the overall home buying process is...

Gone are the days when location fundamentally mattered in most private residential purchases. While the recent aggressive bids in Government land tenders for centrally- located suburban sites showed the importance of location and how location still underpins a property's value, home buyers are now increasingly open to properties in more diverse places. There are also many people who have ventured to buying homes in new locations, including some at the extreme corners of Singapore that had traditionally received limited buying interest. If the location of a property has waned as an overriding factor, what prevails in the home buyers' decision? Several factors have now become more clearly noticeable than before in a home buyer's decision - the product's concept, the scarcity of the property and the opportunity to benefit from owning the property. With so many factors to cons...

Full article: http://www.todayonline.com/Business/Property/EDC110318-00...

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