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Thread: Buy OCR to stay CCR?

  1. #1
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    Default Buy OCR to stay CCR?

    The recent discussion on Lakefront Residences rental has got me curious about the possibility of buying OCR but stay in CCR.
    ie. to use the rental income of OCR property to rent a CCR apartment.

    This is what I discovered.

    Here is a list of top rental transaction from Lakefront Residences in 2014, if the owners can generate $5000 to $8400 rental income per month, what sort of apartment can they rent in CCR??

    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,000 1000 to 1100 Aug-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties 3 5,000 2000 to 2100 Nov-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,000 1300 to 1400 Aug-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,000 1000 to 1100 Aug-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,000 900 to 1000 Sep-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,000 1400 to 1500 Aug-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties 3 5,100 1200 to 1300 Oct-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties 3 5,450 1400 to 1500 Nov-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties 3 5,450 900 to 1000 Nov-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties 3 5,450 1000 to 1100 Nov-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 5,700 1300 to 1400 Sep-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 6,000 1900 to 2000 Aug-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 6,600 1700 to 1800 Jul-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 7,800 2200 to 2300 Sep-14
    THE LAKEFRONT RESIDENCES LAKESIDE DRIVE 22 Non-landed Properties na* 8,400 1900 to 2000 Sep-14
    When I use do a propertyguru search with the following search criteria,

    Location : D9, D10, D11
    Price : $5000 to $8000
    Bedroom : min. 3
    Floor Size : min. 1200 sqft
    Furnishing : Partial or Fully
    The result yield around 2673 results, with the largest unit of around 5000sqft, and plenty of choices.


    * Disclaimer : I am only using rental of Lakefront Residences in JLD for comparison, cant comment if the same applies to other OCR estate.

  2. #2
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    if can rent CCR [B][U]cheaper[/U][/B] why the tenant pay [B][U]higher[/U][/B] price to rent Lakefront OCR?

  3. #3
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    Quote Originally Posted by wt_know View Post
    if can rent CCR [B][U]cheaper[/U][/B] why the tenant pay [B][U]higher[/U][/B] price to rent Lakefront OCR?
    For development like Lakefront, I believe its because of international schools and also there are now more amenities surrounding that area. When comes to kiasu or lazy parents, I think expats are no different from locals. For example, if you have primary school kids studying far from home, the kid (parents too) will wake up as early as 5.30am in the morning to catch a bus at 6.15am, while those walking distant from schools can perhaps sleep an hour longer and still make it to school before 7.30am.

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