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marktkt22
31-07-11, 14:27
quick check...
for rental investment purpose...is it better and more logical to buy an old project, completed, since tenants tend to do some damage to the propety, instead of a brand new one.
Also, a completed project can give rental income fast, intead of a project building in progress.

any view from the forumer...:)

DC33_2008
31-07-11, 14:33
I suppose you should look at the rental yield is within your expectation and capital gain potential, if any given the CM.

Regulators
31-07-11, 14:42
For rental, always buy completed projects, no point listening to those agents who tell you to buy new projects to get a higher rental when top and wait 3 years or more coz we never know what the market will be like years from now. Buy a resale condo with a decent yield of at least 4% and start collecting rental immediately after you get the keys

august
31-07-11, 15:04
i think 4% rental yield quite hard to find these days...

buttercarp
31-07-11, 16:29
For rental, always buy completed projects, no point listening to those agents who tell you to buy new projects to get a higher rental when top and wait 3 years or more coz we never know what the market will be like years from now. Buy a resale condo with a decent yield of at least 4% and start collecting rental immediately after you get the keys

Totally agree with you.
Buy TOP-ed property.
However do not buy too old one, cos may have internal problem which require you to repair here and there.

marktkt22
31-07-11, 17:27
Thanks to all for the reply, appreciate it v much

sh
31-07-11, 19:45
i think 4% rental yield quite hard to find these days...

Agree that 4% is hard to find... especially if you want FH for better future appreciation. Chances are, the properties with better returns are the following ones:-

1) newer ones (not brand new as there's a price premium for newness).
2) smaller ones (MMs give better return for now.... nobody knows if the rentals will hold up with new supply)
3) 99LH. Tenants don't care if it FH. (but will accept a lower rental return for FH)

:2cents:

howgozit
31-07-11, 19:52
Older properties already have some benchmark rental pricing. Less guesswork, you roughly know what to expect based on what your neighbours are renting.

Also when a project TOPs, you have a few hundred units TOP together, all competition for you.

Arcachon
31-07-11, 22:07
Buy SOUTHBANK NORTH BRIDGE ROAD Apartment 1 1,385,000 958 Strata 1,446 Apr-11
40% 1,385,000 = $554,000
Stamp duty $36,150.00
http://www.iras.gov.sg/irasHome/page.aspx?id=1832

Rental $4500 x 12 = $54,000.

Rental yield = $54,000/$1385000 = 0.0389

Loan 100 %

https://lh4.googleusercontent.com/-4smcvKQ8ZK8/TjVglNxaVsI/AAAAAAAAGVA/k4i4WElf7YI/s800/1385000.JPG

Loan 60 %

https://lh3.googleusercontent.com/-LdrrYgOkVwc/TjVhGkXLKmI/AAAAAAAAGVM/pEjIGNN-CkU/s800/831000.JPG