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Thread: Properties in Geylang Area: Potential?

  1. #936

    Default

    i think the loft u r talking are 'fake' loft. its actually supported by a platform?

    loft projects like 1 loft and 1 suites are actual two storeys unit. if you dont mind, u can consider 1 suites but its at lor 20 beside the hotels.


  2. #937

    Default

    Quote Originally Posted by bigbear View Post
    i think the loft u r talking are 'fake' loft. its actually supported by a platform?

    loft projects like 1 loft and 1 suites are actual two storeys unit. if you dont mind, u can consider 1 suites but its at lor 20 beside the hotels.

    its actually just a 5 sqm meta platform for putting of bed or other stuff depending. the platform is 2m high from the floor.

    so likely this type of unit may not be a good , in terms of rental?
    as so far think only a handful has been sold only.


  3. #938

    Default hi cym, these are my thoughts.

    hi cym,


    Not sure if you agree with me on this perspective, buying property is like a sprint, esp for units from new projects.
    If the lower priced 1BR are gone, where the leftovers are higher-floors / bigger spaces / extremely poor facing, etc ... I would consider another project.


    Since your purpose is for rental, what you like to consider is low capital layout.
    Get the cheapest unit, so that you don't have to bear so much loan ( I assume you are like most of us, who doesn't buy on full cash ).


    how about considering other developments in the geylang region, even though that are located in the red-light district region?
    I think paying for a less than 500 sq ft @ 700k dollars is quite expensive, but you are paying for the premium for being so near the MRT.


    If I were you, I would consider a pty investment of 600k and below.
    Is this your first pty or?


  4. #939

    Default

    Hi Everyone,

    Would like to revive this dicussion on Geylang properties. I recently invested in a 2BR unit in the ODD lorong's of Geylang(Nearer to Kallang). Found some good pointers in this thread, what are some of the things you look out for when you're securing your tenant's in geylang?


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