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

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

    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?

  2. #2
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    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?
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  3. #3
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    Quote Originally Posted by roly8
    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

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    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.

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    Obvious choice isnt it

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    Quote Originally Posted by carbuncle
    Obvious choice isnt it
    MM? Ur favorite MM?

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    Quote Originally Posted by 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.
    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

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    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.

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    Quote Originally Posted by East Lover
    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.

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    Quote Originally Posted by 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?

    Manhattan!

  11. #11
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    Quote Originally Posted by East Lover
    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.

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    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.

    Quote Originally Posted by 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.

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    Quote Originally Posted by minority
    Manhattan!
    U same as me, have 曼哈顿情结?or from investment point of view??

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    Quote Originally Posted by East Lover
    MM? Ur favorite MM?
    Ya MM not MyManhattan

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    Quote Originally Posted by East Lover
    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.

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    Quote Originally Posted by minority

    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
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    Quote Originally Posted by 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?
    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.

  18. #18
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    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

  19. #19
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    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


    Quote Originally Posted by 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?
    if you dont't own any property, you're short. take cover quickly

  20. #20
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    Quote Originally Posted by 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
    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 took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  21. #21
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    i prefer OCR 2 bedder as price wld be the cheapest among the 3.

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    Quote Originally Posted by roly8
    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

  23. #23
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    alexis might benefit fr new launch at redhill....

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    Quote Originally Posted by leesg123
    i think alexis does not come with carpark
    ok..

    rent out to people, ok..
    but not for my own stay.. lol..for fengshui reason
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    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.

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    Quote Originally Posted by 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.
    My heart says go, my head says no

  27. #27
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    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.

    Quote Originally Posted by East Lover
    My heart says go, my head says no

  28. #28
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    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.

  29. #29
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    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?
    Quote Originally Posted by 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.

  30. #30
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    i remember an investment quote.

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


    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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