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Thread: D15, Apartment potential rental income?

  1. #1
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    Default D15, Apartment potential rental income?

    Hi,

    Would like to seek advice with those who have experience with how much rental income for Private apartments opposite Parkway Parade (D15)?

    Looking at investing in 2 room apartments with lifts but no facilities. How much is the current market asking rental now? Appreciate if anyone could advice me.

    PM me if its inconvenient to reveal your personal ppty?

    thnks alot!

    regards


    pod

  2. #2
    Just my 2 cent worth..

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    my opinion. Depending on condition of the apartment, should fetch $2000-$2300.






    Quote Originally Posted by pod
    Hi,

    Would like to seek advice with those who have experience with how much rental income for Private apartments opposite Parkway Parade (D15)?

    Looking at investing in 2 room apartments with lifts but no facilities. How much is the current market asking rental now? Appreciate if anyone could advice me.

    PM me if its inconvenient to reveal your personal ppty?

    thnks alot!

    regards


    pod

  3. #3
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    Quote Originally Posted by Douk
    my opinion. Depending on condition of the apartment, should fetch $2000-$2300.
    thnks for advice bro.

  4. #4
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    In current market, $2K is for renting 5rm HDB flat

    So I suppose private residential units shld fetch more. End of the day, rate is subjected to willing lessor and lessee.

  5. #5
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    Shld be ranging frm $2 - $3 psf for rent depending on other factors.

    Prime districts are going at $5 - $7 psf.

  6. #6
    Just my 2 cent worth..

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    Quote Originally Posted by Blue
    Shld be ranging frm $2 - $3 psf for rent depending on other factors.

    Prime districts are going at $5 - $7 psf.
    for 2 bedder apartment without facilities, unlikely to cross 2.5k.

  7. #7
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    Which part of D15? Siglap V?

  8. #8
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    Quote Originally Posted by echotrain
    Which part of D15? Siglap V?
    As stated parkway.

    hmm... since u mentioned, Siglap good rental returns? hehe

  9. #9
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    Quote Originally Posted by Blue
    Shld be ranging frm $2 - $3 psf for rent depending on other factors.

    Prime districts are going at $5 - $7 psf.
    prime dist 5-7 psf ?

    not all ... if u consider dist 11 as prime .. alot along Bkt timah and dunearn are not more than 3.5 psf

    again ...we see high asking rental in advertisement .. but whats actually rented out .. no one reveal .. not the owner in this forum .. not the agents in this forum ..

    Rivergate unit selling at 1650 psf .. with tenancy of ONLY $5.3k a mth ... thats way below 3 psf rent

  10. #10
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    Siglap V $2000psf, can't expect good rental returns leh... With regards to rental returns, the curve won't be linear, you can't rent a bigger psf twice as much as it's contemporary in the same development. I've seen places in TK, Kembangan going about 3 psf.

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