Hi, just would like to ask MM unit investors what you think is the prospects of MM units...is it good to hold for rental play with the 6.9 mil target....would u keep for retirement passive income or sell before 2030?
Hi, just would like to ask MM unit investors what you think is the prospects of MM units...is it good to hold for rental play with the 6.9 mil target....would u keep for retirement passive income or sell before 2030?
unit size around 450-550 sqft livable especially with good condo facilities and near MRT and shopping.
Most buy for investment but also good for retirement as a single or couple
Those MM units at good location will always have buyers and tenants, the issue is with the price
There will be more pressure for those holding units not near transport or amenities once few more thousands of these get completed
Resale market is questionable and untested.
High rental yield with low capital? Is there such good deal in this world? If so, why would people rent rather than buy themselves?
Expats are usually families, they need family size units, not MMs.
Locals will buy the MM themselves, won't rent MM, since high rental and low capital outlay, why rent then?
MM demand from single or couple is not very high (unless you want to rent to 4 or more rojak people in 1 MM unit and your unit will be in irrepairable condition in no time!), so if you own an MM, better make sure it is the top of the top among all MMs! JGateway MM is definitely not the top of the top!
For rental, personally prefer 2bedder min and ideally 3 bredder.
"Anyone who has not made a mistake has never tried anything new"
Underlying demand is definitely there based on social demographics.
Many expats will choose to rent even if they can afford to buy. If their assignment here is only on contractual basis, why should they risk the huge down payment when it can already pay up in full for a place in their home town?
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
buy MM at least within city or city fringe.
buy MM with unique feature like penthouse unit.
I am a MM (mickey mouse) unit supporter. So far not difficult to get tenant and rental yield is good.
Downtown Core has no problem renting out MM : )
If Downtown Core MM has problem renting out, it means Singapore is probably in recession and the whole market has problem renting out
Then move in MM and rent out HDB.
Had quite a few potential tenants viewing my MM these 2 days since we got the keys though no lights and curtains yet and an offer by a French guy today of $2100 per mth for 1 year lease, partial furnished. My unit 452 sq ft and just opposite Aljunied mrt. I am ok with it but hubby says too low...would like you gurus' opinion...is it really too low? Was a 1+study unit but we converted to 2 bedder with sliding glass to living room or bedrm.