Hi all,
Am very new to property investment as this is my first investment property. Looking for some advice from the experienced folks here.
Have managed to rent out my place to a corporate client at a fantastic rent (I got $4.4 psf rent vs the usual S$3.4 psf for my condo).
Should I hold on to my unit and enjoy the rental income at 4.2% yield? Or should I use the higher rental to try and get a good price for my unit, maybe price it at 3% yield?
My considerations are because I am of the view that property prices will go down next year and also I might not get such good rentals from my subsequent tenants.
Thank you.