Originally Posted by
reuters
hmm.... very hard to say actually (at least for me). That's because MBS is such a massive project that it takes so much more effort to build something of the same scale elsewhere, taking into consideration all other infrastructure and businesses around the area like Esplanade theatres, the F1 pit, Gardens by the Bay. And we have not really seen the full scale of this development because of all the construction going on at Marina South. And I am forever extremely curious what they are going to do to that deliciously precious plot of land at Marina East. From the map, it looks as big as a town and is sitting on prime land, though reclaimed. The potential of the entire downtown and a bit towards both east and west is incredible because this is getting to resemble the downtown Manhattan model - prime apartments getting smaller too.
If it is for investment, I feel that rental yield is not the way to make money, but to help us hold the property. I prefer a property that can attract rental, such that as long as the rent is enough to cover the installments and potential future interest hike, that is good enough. The only way to make money from a property investment is when we invest ahead of some potential developments to the place that will cause the price to increase. So for that matter, perhaps Bedok town centre area (no condos yet) or Jurong East might be good to invest in, though I often wonder who will rent the apartment from me if I buy there - will expats want to stay in the neighbourhood? I am not experienced enough to understand the demography of the tenants in these areas so I tend to prefer buying a reasonably new condo where I can physically see the space and the people living there.
That's why I look at central (expensive), north (too far. will I really attract tenants?), south (expensive), west (too near construction industry, not exactly cheap and not much lifestyle attractions), east (expensive, but not that expensive yet. no mrt yet for most stretch of east coast). - i ended up looking seriously at East Coast in the end.