450K cost, will u go for $800k manhattan 1 BR or 1mil CCR MM?

[East Lover]

For investment only.

Manhattan appt, 800k, 3.1% for 50% loan, 30 years
-: rental - 30 ys installment - mthly mgmt fee - agent fee =0.
-: future of US
+: But expect capital gain in few years

CCR MM, 1000k, 1% for 60% loan, 15 years only
+: rental - 15 yrs installment -mthly fee > 0 now
- : may be negative if interest increase
-: price peak now??

OCR 2 BR:
+: bigger size, more tenants
-: 99 LH
-: no meat left if interest increased?

So given similar cost around 450k, which one will u go?

[roly8]

i will favour freehold status unless your 99yr leasehold condo is on an excellent location..

the future of US is slow..

CCR MM, 1000k, 1% for 60% loan, 15 years only
+: rental - 15 yrs installment -mthly fee > 0 now
- : may be negative if interest increase
-: price peak now??

ccr +freehold .. for just 1 million. why not?

[East Lover]

i will favour freehold status unless your 99yr leasehold condo is on an excellent location..

the future of US is slow..







ccr +freehold .. for just 1 million. why not?

How abt this? Just top, 10 mins walk to orchard.
http://www.propertyguru.com.sg/listi...sale-rv-suites

[Mr.Keh]

US property seems to be rebounding and on an up-trend, even Warren Buffet has in the last 1 year massively increased his bets in construction, mortgage and related sectors . Just curious, why invest in New york as the prices there didn't drop much? There are other U.S cities in the West coast that seems to offer better price points and yields.

[carbuncle]

Obvious choice isnt it

[East Lover]

Obvious choice isnt it

MM? Ur favorite MM?

[East Lover]

US property seems to be rebounding and on an up-trend, even Warren Buffet has in the last 1 year massively increased his bets in construction, mortgage and related sectors . Just curious, why invest in New york as the prices there didn't drop much? There are other U.S cities in the West coast that seems to offer better price points and yields.

Hard to manage. My friend went to court as tenant didn't pay for 3 mth, and ended up paid $2k for him to leave the house

[Laguna]

I am now selling away my properties in US, for the following reasons :

1. a lot of expenses to pay, change heater, change mattress, change carpet...etc...u don't even know whether there is a need to change, and how much it really cost u...this is on top of the 10% agency fee paid

2. it is too far for you to manage

3. u don't know the quality of your tenants

4. I can make better use of money

U can buy, provided you have someone u can trust to manage for you.

[Mr.Keh]

Hard to manage. My friend went to court as tenant didn't pay for 3 mth, and ended up paid $2k for him to leave the house

That's the biggest headache for investing in U.S properties. U.S prices are very attractive compared to Australia and U.K, but the distance is really a barrier unless you have trusted friends there to manage for you.

[minority]

For investment only.

Manhattan appt, 800k, 3.1% for 50% loan, 30 years
-: rental - 30 ys installment - mthly mgmt fee - agent fee =0.
-: future of US
+: But expect capital gain in few years

CCR MM, 1000k, 1% for 60% loan, 15 years only
+: rental - 15 yrs installment -mthly fee > 0 now
- : may be negative if interest increase
-: price peak now??

OCR 2 BR:
+: bigger size, more tenants
-: 99 LH
-: no meat left if interest increased?

So given similar cost around 450k, which one will u go?

Manhattan!

[minority]

Hard to manage. My friend went to court as tenant didn't pay for 3 mth, and ended up paid $2k for him to leave the house

Thats the property of US property tenants have more rights. in SGP the lanlord have more rights.

[East Lover]

Totally agreed. Too far to manager, too costly to maintain... Too Long list to complete


Only hope the price can recover from bottom in 5 years time, so just nice for my son's university fund
And its manhattan Wall Street ... big name when I was young.

I am now selling away my properties in US, for the following reasons :

1. a lot of expenses to pay, change heater, change mattress, change carpet...etc...u don't even know whether there is a need to change, and how much it really cost u...this is on top of the 10% agency fee paid

2. it is too far for you to manage

3. u don't know the quality of your tenants

4. I can make better use of money

U can buy, provided you have someone u can trust to manage for you.

[East Lover]

Manhattan!

U same as me, have 曼哈顿情结？or from investment point of view??

[carbuncle]

MM? Ur favorite MM?

Ya MM not MyManhattan

[minority]

U same as me, have 曼哈顿情结？or from investment point of view??

ok on a more serious note. I like manhanttan from a collection pt of view. but problem with US property is maintenance are high. The other thing is beign 23hr flight away can be difficult to manage.

currently rental is low.

from a investment pt of view I like london more. if want to dabble in investment must well consider REITs US property might be more liquid.

[roly8]

from a investment pt of view I like london more. if want to dabble in investment must well consider REITs US property might be more liquid.

me prefer uk also..



but not cheap also

[leesg123]

For investment only.

Manhattan appt, 800k, 3.1% for 50% loan, 30 years
-: rental - 30 ys installment - mthly mgmt fee - agent fee =0.
-: future of US
+: But expect capital gain in few years

CCR MM, 1000k, 1% for 60% loan, 15 years only
+: rental - 15 yrs installment -mthly fee > 0 now
- : may be negative if interest increase
-: price peak now??

OCR 2 BR:
+: bigger size, more tenants
-: 99 LH
-: no meat left if interest increased?

So given similar cost around 450k, which one will u go?

2nd choice.

OCR has risen alot compared to CCR. More chance of downside for ocr compared to ccr. Ccr has good upside.

You can consider rv suites, stellar rv or rv edge.

[dtrax]

How about Alexis? If can get around 800K with current tenancy at 3k rental
Not at CCR but it is FH, immediate cashflow and very low maintenance fee at $80/mth. Balance 200k go buy car/world tour


p/s: i'm not vested in alexis

[auroraborealis]

I choose the CCR one...

Unless u have close relatives based near NY, else difficult. Friends won't do so much for u either? Also, wall street near southern tip pier... Hurricane Risks

For investment only.

Manhattan appt, 800k, 3.1% for 50% loan, 30 years
-: rental - 30 ys installment - mthly mgmt fee - agent fee =0.
-: future of US
+: But expect capital gain in few years

CCR MM, 1000k, 1% for 60% loan, 15 years only
+: rental - 15 yrs installment -mthly fee > 0 now
- : may be negative if interest increase
-: price peak now??

OCR 2 BR:
+: bigger size, more tenants
-: 99 LH
-: no meat left if interest increased?

So given similar cost around 450k, which one will u go?

[roly8]

How about Alexis? If can get around 800K with current tenancy at 3k rental
Not at CCR but it is FH, immediate cashflow and very low maintenance fee at $80/mth. Balance 200k go buy car/world tour


p/s: i'm not vested in alexis

huh? $80/mth maintenance fee only? i thought normal fee is from $250 onward?

did you get the info. from internet?
me interested to know the fee for each condo..

[Lovelle]

i prefer OCR 2 bedder as price wld be the cheapest among the 3.

[leesg123]

huh? $80/mth maintenance fee only? i thought normal fee is from $250 onward?

did you get the info. from internet?
me interested to know the fee for each condo..

i think alexis does not come with carpark

[Lovelle]

alexis might benefit fr new launch at redhill....

[roly8]

i think alexis does not come with carpark

ok..

rent out to people, ok..
but not for my own stay.. lol..for fengshui reason

[Santro]

I will go for option 3- 2 bedder in OCR.
I attended the exhibition at Regent yesterday . If you think from your heart, its a lovely investment in terms of view, location, accessibility etc. If you use your head and do the calculations on ROI, its high risk limited returns. Its a play on long capital appreciation than rental.

[East Lover]

I will go for option 3- 2 bedder in OCR.
I attended the exhibition at Regent yesterday . If you think from your heart, its a lovely investment in terms of view, location, accessibility etc. If you use your head and do the calculations on ROI, its high risk limited returns. Its a play on long capital appreciation than rental.

My heart says go, my head says no

[Santro]

Same for me...finally I decided to go with my head...I dont have alot of spare cash and wait long long for the Manhattan transformations to happen. Have to pay capital gain tax on gains, if any.

My heart says go, my head says no

[chestnut]

Sis East, just ask yourself some simple questions, what is the purpose of this investment?

1. For yield?
2. For capital gain? (of the 2, which is more important)
3. For trophy or memory?

No 3 is normally done when u have excess cash. So what do u want? If u have quite a fair bit of cash and cash to u is not that important, go with your heart.

Sis, today, I follow a lot of my heart. So u know which stage I am in.

[East Lover]

to fight QE3/4/../xyz

in fact, I understand it's very hard to yield anything by investing US properties. It seems cheap, but adding up all the maintenance, taxes, no much meat will be left. As other forumer said, we have to pay captical gain tax if there is any gain

However, SG property is too expensive now, very hard to find any good buy...

did you hear find any good buy recently? my stage 3 bro?

Sis East, just ask yourself some simple questions, what is the purpose of this investment?

1. For yield?
2. For capital gain? (of the 2, which is more important)
3. For trophy or memory?

No 3 is normally done when u have excess cash. So what do u want? If u have quite a fair bit of cash and cash to u is not that important, go with your heart.

Sis, today, I follow a lot of my heart. So u know which stage I am in.

[roly8]

i remember an investment quote.

"don't chase the market and wait for the market to come to you..."