{"id":4328,"date":"2016-02-04T04:29:47","date_gmt":"2016-02-03T20:29:47","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=4328"},"modified":"2022-07-01T04:00:01","modified_gmt":"2022-06-30T20:00:01","slug":"new-properties-appreciate-faster-than-old-ones-another-myth-debunked","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/new-properties-appreciate-faster-than-old-ones-another-myth-debunked\/","title":{"rendered":"New properties appreciate faster than old ones: Another myth debunked"},"content":{"rendered":"
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There\u2019s a myth going around that new properties will appreciate faster than old ones. Now this is a good example of the old \u201cbroken telephone\u201d game. See, it\u2019s true that <\/span>within the context of certain years<\/span><\/i>, new properties appreciated faster. At some point, that was mistranslated into \u201cnew properties appreciate faster,\u201d period. Here\u2019s the truth of it:<\/span><\/p>\n

Recent launches (since 2011) are likely to see <\/b>slower <\/i><\/b>appreciation<\/b><\/h3>\n

I spoke to Douglas Chow, CEO of Empower Advisory Pte. Ltd. As it turns out, the myth is so inaccurate the opposite may be true. Mr. Chow says that:<\/span><\/p>\n

\u201c<\/span>New launches within the past few years will not be skyrocketing, especially those that got their Temporary Occupancy Permit last year and this year. This is due to the cooling measures still in place, and rising interest rates.<\/span><\/i>\u201d<\/i><\/b><\/p>\n

In fact, let\u2019s look at some top winners in terms of appreciation:<\/span><\/p>\n