Page 1 of 6 123456 LastLast
Results 1 to 10 of 58

Thread: Investment for Rental Income

  1. #1
    Newbie

    User Info Menu

    Default Investment for Rental Income

    Hi all Gurus,

    I am looking for a SGD1.1m max investment for a D15 condo unit for my retirement purposes. Targeting rental yield at at least 3.3%.

    For this budget range, I think it should be a 2 bedder...

    Currently, am looking at Mandarin Garden and Bayshore Park as they are seafront.....at least location value are there, despite near 30 yrs of age.

    Are they good ? Or am I missing other gems ?

    Would greatly appreciate your valuable inputs ..

    Cheers !!

  2. #2
    Junior

    User Info Menu

    Default

    Bayshore Park is in D16

  3. #3
    Valued Contributor

    User Info Menu

    Default

    Why D15 for retirement? The yield sucks there. If I were you, I will buy a studio near MRT for retirement. 4-5% yield easily. Downpay 50% and keep the remaining cash. And you still have a steady source of income.

  4. #4
    Bricks & Mortar

    User Info Menu

    Default

    If purely for investment, anywhere also can, no need to restrict to just D15, yes agree..., within walking distance ( for me must be within 400m ) to MRT will always have demand and ease of renting even in bad times...

  5. #5
    Junior

    User Info Menu

    Default

    heard Mandarin Garden now alot of Ah Nah. I visited my colleague's 1 bedder sometimes back. It was like 400k only in 2004 high floor facing sea....cool.

  6. #6
    Senior

    User Info Menu

    Default

    Peter may be hoping for enbloc?

  7. #7
    Junior

    User Info Menu

    Default

    how may ppty will get enbloc each year? Must Q for it and economy must be good.. MG land area is huge.

  8. #8
    Newbie

    User Info Menu

    Default

    Sorry, it shld be D16 instead for Bayshore Park.... hehee.

    Yes, potential of Enbloc is also one of the consideratons too... But on the other hand, I know the rental yield is not that fantastic either...near 3%

    So am I missing other gems with better rental yield ? If nearby MRT, care to share just the name of the MRT station ?

    Thanks so much...

  9. #9
    Newbie

    User Info Menu

    Default

    Quote Originally Posted by Petertan123
    Sorry, it shld be D16 instead for Bayshore Park.... hehee.

    Yes, potential of Enbloc is also one of the consideratons too... But on the other hand, I know the rental yield is not that fantastic either...near 3%

    So am I missing other gems with better rental yield ? If nearby MRT, care to share just the name of the MRT station ?

    Thanks so much...
    For D15 a FH studio at The Seaview cost less than $1mil, current rental is about $3,500-$3,800 depending on which stack

  10. #10
    Junior

    User Info Menu

    Default

    Quote Originally Posted by Petertan123
    Yes, potential of Enbloc is also one of the consideratons too... .
    U can rule out this completely.

    There are five big plots of land there, of which MG and Bayshore are about 1,000,000 sq ft each and current market price is about $1000 to $1200 psf depends on the facing.

    MG and Bayshore have fully utilised their plot ratio.

    So, if we are working on the average premium of 30%, then the asking price for these two plots for land will be $1400 psf, to add in top up lease, etc etc....it is nowhere to find a buyer for at least

    price will be $1400x2.8x1,000,000 = $3,920,000,000

Page 1 of 6 123456 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •