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Thread: Mixed Development/Integrated Development Management Fee Calculation

  1. #6

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    Do u think a 2 bder at $1.3m 80% loan will be cash flow positive? Meaning rental to cover mortgage plus maintenance plus property tax?

  2. #7

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    I'm referring to a project like Artra. Expected rental $4K?

  3. #8

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    Quote Originally Posted by Khng8 View Post
    Do u think a 2 bder at $1.3m 80% loan will be cash flow positive? Meaning rental to cover mortgage plus maintenance plus property tax?
    Maybe can check on how the condo (Katong Regency) above nearby One KM is doing. Probably the most relevant reference as of now.

  4. #9
    Join Date
    Nov 2015
    Location
    Duo Residences
    Posts
    74

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    Quote Originally Posted by Khng8 View Post
    I'm referring to a project like Artra. Expected rental $4K?
    Yet to view the unit. Let me get back to you after Friday. For a start, look at Ascentia Sky transaction, rental and lodged caveats. This will clarify some of your estimations.

    PropVestor

  5. #10

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    PropVestor,

    my understanding is ... Ascentia sky, some units are 'letting go' at a lower psf as their view will be blocked by Artra ...

    rental wise...it was pretty high before.. but going fwd...with Artra's construction ...Ascentia will suffer ...

    I am not sure a 2bedder can command $4k ...

    not forgetting ... there are :
    Metropolitan
    Alex
    Ascentia
    Echelon
    Artra..


    by which time .. i am sure Metropolitan will be the cheapest ... as would be oldest and ugliest.

    rental competition will be very tough over at Redhill side ...

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