Rents up or down?

[WoodyWoo]

What’s your views on the residential rental market? Thinking of buying in D05 but have seen rents are dropping. Lots of expats leaving or on lower housing budgets, so my sums don’t look so good. Which way do you think it’s going medium term (say over the next year).

[mcmlxxvi]

Why 5 and not 9 10 11 12 or 15 if you targetting expats?

[WoodyWoo]

More potential for a capital gain on property with MRT coming. Who else but expats rent?? We have HDBs...

[Squall8888]

Yup.. Why district 5? The rental are not too fantastic there.

My advice is look at district 3, 7 and 8. Rental yield is very high. City fringe homes. I think the rental property of the year is either citylights or metropolitan. Easily 6% yield. Nothing come close. Even Icon is far far behind due to the high price.

[Property_Owner]

Yup.. Why district 5? The rental are not too fantastic there.

My advice is look at district 3, 7 and 8. Rental yield is very high. City fringe homes. I think the rental property of the year is either citylights or metropolitan. Easily 6% yield. Nothing come close. Even Icon is far far behind due to the high price.

No reason to go for D5. Rental sucks and capital gain aren't great.

[echotrain]

Like what the rest said. Why D5?

[proud owner]

Yup.. Why district 5? The rental are not too fantastic there.

My advice is look at district 3, 7 and 8. Rental yield is very high. City fringe homes. I think the rental property of the year is either citylights or metropolitan. Easily 6% yield. Nothing come close. Even Icon is far far behind due to the high price.

what in district 7 and 8 ?

district 3 ..like tanglin view , anchorage, rent not fantastic eitehr ..

metropolitan is new, thats why higher rent ..

[Alan Shearer]

D1 / Sail now low but will be No1 by end 2010.

Invest wisely.

Sail rents low today but I expect will increase dramatically over the next six months. (Up to 10 psf)

Capital gains will also be 'scary'.

"Don't miss the Sail"

[proud owner]

What’s your views on the residential rental market? Thinking of buying in D05 but have seen rents are dropping. Lots of expats leaving or on lower housing budgets, so my sums don’t look so good. Which way do you think it’s going medium term (say over the next year).

regardless of district .. i feel rent is still coming off .. most projects dont seem to command enough in rent to cover its purchasing cost ..

look at all the condos in dist 11 along bkt timah ...even landed houses .. the rent is pathetic compared to its selling price

[Alan Shearer]

When cap gains are up to 10% pm?

Sail sold at 1200 psf in Dec 2008. Now look!

[hans]

Up till before the property run in 2005, most of the rents in most districts cannot cover the mortgage, except HDB.

regardless of district .. i feel rent is still coming off .. most projects dont seem to command enough in rent to cover its purchasing cost ..

look at all the condos in dist 11 along bkt timah ...even landed houses .. the rent is pathetic compared to its selling price

[proud owner]

Up till before the property run in 2005, most of the rents in most districts cannot cover the mortgage, except HDB.

yes agree

then 2006-2008 ...rental still can cover mortgage ..

but those in 2009 ... hardly make it ..

with more to come TOP into the mkt ... i think rent will be hard to go up ..
MAYBE only a handful in selected projects ...

[Property_Owner]

yes agree

then 2006-2008 ...rental still can cover mortgage ..

but those in 2009 ... hardly make it ..

with more to come TOP into the mkt ... i think rent will be hard to go up ..
MAYBE only a handful in selected projects ...

sometimes dun think so long, when there a capital gain sell. pass the burden to the next player

[hans]

Yap, tenants will pefer new units, older units will have to lower rent to attract tenants.

yes agree

then 2006-2008 ...rental still can cover mortgage ..

but those in 2009 ... hardly make it ..

with more to come TOP into the mkt ... i think rent will be hard to go up ..
MAYBE only a handful in selected projects ...

[hans]

you are spot on, but have time your sell, don't sell too early (2005 to 2006), price shoot up to the peak in mid 2007

sometimes dun think so long, when there a capital gain sell. pass the burden to the next player