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Thread: #1 Loft, 80 units, Geylang

  1. #1391

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    Official rental for #1 loft is $1900 - $2000 for all units on URA records except for 1000+ sqft 3 bedder.

  2. #1392

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    Quote Originally Posted by ixxx View Post
    Official rental for #1 loft is $1900 - $2000 for all units on URA records except for 1000+ sqft 3 bedder.
    .....1900-2000 is for those wit no holding power.

  3. #1393
    Join Date
    Apr 2011
    Posts
    2,810

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    Quote Originally Posted by rontan_83 View Post
    .....1900-2000 is for those wit no holding power.
    Ya, sometimes I am just wondering, if every owners think that never mind $100 or $200 less makes no difference, rather than hold for a few months and the losses will be great, it is true in a way but isn't the rental is going down and down as the agents and tenants grab this " weaknesses" from the owners. Agents want to close the deal fast while tenants can save money.

  4. #1394

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    Quote Originally Posted by irisng View Post
    Ya, sometimes I am just wondering, if every owners think that never mind $100 or $200 less makes no difference, rather than hold for a few months and the losses will be great, it is true in a way but isn't the rental is going down and down as the agents and tenants grab this " weaknesses" from the owners. Agents want to close the deal fast while tenants can save money.
    i didnt regret buying one loft...the rental is about 2500 per month..not bad..

  5. #1395

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    Many made it as room rental fully furnished, 1 up 1 downstair, rent out for 1200-1300/room not bad.
    If rent as simgle.unit, typical rental rate there only about 2k semi furnished.

  6. #1396

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    Quote Originally Posted by Tomutomi View Post
    Many made it as room rental fully furnished, 1 up 1 downstair, rent out for 1200-1300/room not bad.
    If rent as simgle.unit, typical rental rate there only about 2k semi furnished.
    Folks...the process of cleaning up geylang is the works in progress, I Guess...another 5 rundown landed units were tore down last month ...now no more Chicken standing in front of 1Loft...price for freehold 1L will only increase in the future.... rental yield is damn strong

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