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This will be mentioned in the 149 Certificate which forms part of the contract of sale.

Can't answer the Q, as we don't know "how bad you have known it to be" :confused:

If you buy ANY real estate ANY where, then there is a risk that it can go down. (as well as up) Top floor = better breezes, better views, better security, better noise (less) = higher purchase prices & higher rental yield. Ground floor with a courtyard are also in demand because older...

CG for houses there has been good. See blue line on attached chart. CG for units - not as good as the houses - a bit so-so. I would suggest to you that $250K was never the real market value 2 years ago, more than "units have fallen in price" (they haven't).