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Thread: Textile Centre

  1. #21

    Default

    Quote Originally Posted by Arcachon View Post
    When you buy a shorter lease e.g one which is TOP 13 years ago, you lost the opportunity for rental income for 13 years.

    Buying the property with shorter lease compare with one with longer lease at the same price, you lose the rental income for the used lease.

    On paper you can collect rental income but measure according to the lease you lose on the shorter lease property.

    Given a choice which one will you buy and why. (for investment, capital appreciation and rental income)

    A. The Bencoolen was completed 1998, 13 years ago TOP. selling for 1,180,000. (Rental = SGD 4000)

    B. Southbank was completed 1 years ago TOP. selling for 1,330,000. (Rental = SGD 4000)
    I choose Southbank for its potential future catalyst due to area redevelopment.

    Very hard to compare 2 different locations. Also, rental will fluctuate depending on its size and future transformation of the surrounding area...

    Each project has pros and cons. End of the day, if you have a long term (20 - 30 years) passive investment view, sure make regardless if it is 50 years or 90 years lease...

    Any capital appreciation will be added bonus!

  2. #22

    Smile

    I buy what I can afford. . With tdsr etc... not easy to get loan. U wait.. u miss the boat lor...

  3. #23

    Default

    So? Keep buying and max out leverage now?

    Quote Originally Posted by smallant View Post
    I buy what I can afford. . With tdsr etc... not easy to get loan. U wait.. u miss the boat lor...

  4. #24

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    Quote Originally Posted by Wolverine23 View Post
    So? Keep buying and max out leverage now?
    What is max out leverage?

    If a 44 k guy got 1.8 million dollar property loan is he max out.

  5. #25

    Default

    What is 44k guy? Annual income 44k?

    In the first place, S44k per annum cannot borrow 1.8m...


    Max out leverage: eg. Annual income $400+k per month = $33k.
    Borrow till ppty loan instalment is $20k per month.
    Then, rent the properties out at approximate $20k per month and borrow more loans and add on another $14k to monthly repayment. (as now total income increase by $20k per month. Banks will use 30% haircut...)

    In the end, $36k ppty loan instalment and approximate $10.2m loan.





    Quote Originally Posted by Arcachon View Post
    What is max out leverage?

    If a 44 k guy got 1.8 million dollar property loan is he max out.

  6. #26

    Default

    Quote Originally Posted by Wolverine23 View Post
    What is 44k guy? Annual income 44k?

    In the first place, S44k per annum cannot borrow 1.8m...

    Now cannot, before the CM 8 can.

  7. #27

    Default

    Quote Originally Posted by Arcachon View Post
    Now cannot, before the CM 8 can.
    Still can...if you know the loophole.

  8. #28

    Default

    Quote Originally Posted by Wolverine23 View Post
    Still can...if you know the loophole.
    Can share, or just msg me, thks.

  9. #29

    Default

    Will this hit $2,000psf soon?

  10. #30

    Default

    Sellers of the recent Orchard Towers and Marine Parade prime units are based in Textile Centre... Sing Brothers.

  11. #31

    Default

    Quote Originally Posted by Wolverine23 View Post
    Still can...if you know the loophole.
    How to? Can PM me?

  12. #32

    Default Textile centre

    Hi hi,
    Is textile centre a good buy at $800psf for a two bedder at its original condition on high floor?

  13. #33

    Default

    Quote Originally Posted by Forest ang View Post
    Hi hi,
    Is textile centre a good buy at $800psf for a two bedder at its original condition on high floor?
    You can't get the max loan, and cpf usage limited.

    Arghh this I check alrdy. Lease left less than 60yrs, 55-57yrs. Therefore it's a issue

  14. #34

    Default

    Setting loan issue aside, nearby properties are going at $1800 psf. Older ones like Golden Mile complex asking $1000.
    So will u think it is a good deal?

  15. #35

    Default

    Quote Originally Posted by Forest ang View Post
    Setting loan issue aside, nearby properties are going at $1800 psf. Older ones like Golden Mile complex asking $1000.
    So will u think it is a good deal?
    You see differences 1.8k and 1k psf..

    Depreciating,less than 60yrs lease vs new..

    Etc People park, the plaza, textile.

    There's always a reason for the price gap..

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