Citibank 1M SIBOR + 0.65%

[hopeful]

One shenton will be competing with one clift for rental. Should ask sales agent to secure a good rental deal for you before signing on the OTP.

now already asking agent to do that, but owners refuse to hand over keys, even after signing OTP. So agent say can show similar units to potential tenants only.

[devilplate]

Should go for no lock-in in period of uncertainty especially for completed investment property.

Yes...no lock in first for now n later can switch to fixed rate when usa start to raise int rates

[DC33_2008]

I am sure he should allow you to take photos of the unit. Good for publicity. Use similar unit for viewing. I am sure agents can do wonders.

now already asking agent to do that, but owners refuse to hand over keys, even after signing OTP. So agent say can show similar units to potential tenants only.

[devilplate]

now already asking agent to do that, but owners refuse to hand over keys, even after signing OTP. So agent say can show similar units to potential tenants only.

Shd buy thosenwif tenancy mah....

If i m the owner, i wun handover until completion too....meanwhile, i still the lawful owner wat....can stay there on n off or even rent out short term lease

[devilplate]

I am sure he should allow you to take photos of the unit. Good for publicity. Use similar unit for viewing. I am sure agents can do wonders.

Not for now, bcoz there r many units for rental....

Cmpletion takes 10wks rite, too early to find tenants

[hopeful]

Shd buy thosenwif tenancy mah....

If i m the owner, i wun handover until completion too....meanwhile, i still the lawful owner wat....can stay there on n off or even rent out short term lease

those with tenancy asking for the sky. If I ask to buy from you, you also will ask for 23xx for even stack.

[DC33_2008]

Just need some desperate owners to drop rent due to stiff competition from one shenton. Rental yield may go down.

Not for now, bcoz there r many units for rental....

Cmpletion takes 10wks rite, too early to find tenants

[devilplate]

I am sure he should allow you to take photos of the unit. Good for publicity. Use similar unit for viewing. I am sure agents can do wonders.

Not for now, bcoz there r many units for rental....

Cmpletion takes 10wks rite, too early to find tenants

Actually wait till completion den look for tenant better.....let other units rent out first....i believe less competition after 3mths

[devilplate]

Just need some desperate owners to drop rent due to stiff competition from one shenton. Rental yield may go down.

Oredi dropping slightly.....some unrealistic owner tot can rent 4.2-4.5k...haha....now guai guai accept 3.8-4k

[devilplate]

those with tenancy asking for the sky. If I ask to buy from you, you also will ask for 23xx for even stack.

How much ur relative bot....u nvr approach me..."i can give u discount since no agt involved...22xxpsf can b done

[hopeful]

Not for now, bcoz there r many units for rental....

Cmpletion takes 10wks rite, too early to find tenants

Actually wait till completion den look for tenant better.....let other units rent out first....i believe less competition after 3mths

Lumiere, even though didnt appear in URA rental for 2 straight quarters, rental seem to be picking up. > 7psf rental in streetsine for properties along mistri road. (is lumiere failed project or what)

Maybe icon tenants moving out because of construction altez and skysuites.....

anyway, layout of the clift and icon similar, so icon tenants should not have difficulting adjusting.

[DC33_2008]

341 units coming from one shenton and 312 from clift. Let say 75% for rental: One shenton (256 units) and one Clift (234 units). How long does it take to take up all the units in both projects?

[devilplate]

341 units coming from one shenton and 312 from clift. Let say 75% for rental: One shenton (256 units) and one Clift (234 units). How long does it take to take up all the units in both projects?

The sail took abt 6mths to see rental picking up

[devilplate]

Lumiere, even though didnt appear in URA rental for 2 straight quarters, rental seem to be picking up. > 7psf rental in streetsine for properties along mistri road. (is lumiere failed project or what)

Maybe icon tenants moving out because of construction altez and skysuites.....

anyway, layout of the clift and icon similar, so icon tenants should not have difficulting adjusting.

Lumiere lousy project la....cmi layout....n noise from ecp
Hidden dark pool n joke clubhse

[Fleur]

Thanks! Will it be worth the re-financing costs to convert to fixed rates?

[devilplate]

Thanks! Will it be worth the re-financing costs to convert to fixed rates?

Stick wif same bank lor....unless 3yrs clawbck finish liao

[hopeful]

Thanks! Will it be worth the re-financing costs to convert to fixed rates?

have to do own calculation le, to see worth it or not.

[DC33_2008]

The sail took abt 6mths to see rental picking up

It's musical chair in tis area so many competing existing nd upcomg project.

[devilplate]

It's musical chair in tis area so many competing existing nd upcomg project.

I tink so...hmm...

But if rental drop for this area....all other city fringe will drop accordingly...

Let say clift 1bedder rental drop to 3k...southbank n cl 1bedder most likely will drop to 2.8k

[DC33_2008]

Do not mean it will drop for gd unit like high flr nd gd view. Just like some tenants move fm citylight to southbk last yr. I

I tink so...hmm...

But if rental drop for this area....all other city fringe will drop accordingly...

Let say clift 1bedder rental drop to 3k...southbank n cl 1bedder most likely will drop to 2.8k

[devilplate]

Do not mean it will drop for gd unit like high flr nd gd view. Just like some tenants move fm citylight to southbk last yr. I

I expect sb tenants to move bck to cl now

[irisng]

Thanks! Will it be worth the re-financing costs to convert to fixed rates?

I think there are some re-financing cost involved.

Some banks offer:
1) Free conversion within 3 or 6 mths after the TOP (depends on which bank).
2) Free insurance for 1 year (external), some include internal (depend on which bank).
3) Subsidze legal fee but 100% waive if borrow > 400K.

[DC33_2008]

I have a few viewers who are looking at SB unit a year ago but offer is too low. They are russians and australians.

I expect sb tenants to move bck to cl now

[devilplate]

I have a few viewers who are looking at SB unit a year ago but offer is too low. They are russians and australians.

Tot ur recent offer was vy good....16xxpsf rite....i sure sell oredi
U aiming 1800psf ar?

If urs is 904sqft stack above 25th flr can try for 18xxpsf....other stack 16xxpsf super gd liao

[DC33_2008]

My unit is way above this. Tenant paying for my unit and collect passive income. No hurry to sell.

Tot ur recent offer was vy good....16xxpsf rite....i sure sell oredi
U aiming 1800psf ar?

If urs is 904sqft stack above 25th flr can try for 18xxpsf....other stack 16xxpsf super gd liao

[devilplate]

My unit is way above this. Tenant paying for my unit and collect passive income. No hurry to sell.

Wats the rental yield if based on ur last offer?

[DC33_2008]

Comparable to the clift.

Wats the rental yield if based on ur last offer?

[Fleur]

Heard that this promotion is ending end of the month.

[marktkt22]

i got a very stupid question ...whart is a locked in period ?
Is it the period where you cannot make lump sum repayment..?

[rattydrama]

i got a very stupid question ...whart is a locked in period ?
Is it the period where you cannot make lump sum repayment..?

lock in period is the period you cannot change bank when u serivce your loan. If you change it, you will have to incur penalty. Its usually not worthwhile.