Originally Posted by
bonestock
Hi folks,
If you are looking to buy a unit and rent out for rental income, which will you prefer? Looking at new developments only.
1) A 1 to 2 bedder in Geylang area, FH, going between 600k+ to 700k+. Examples like Prime Residence, Central Imperial, etc.
2) A 2 bedder mass market condo at Seng Kang, Punggol, Pasir Ris, etc. Usually in the region of 700k+ to 900k.
Will it be easier to get tenants in Geylang area? Especially if it is on the verge and not deep in the red area? I see many small developments there and mostly also quite near to MRT...and also only few stations to town. Very convenient.
In contrast, many mass market developments are large with few 100 units. And may need to also compete with HDBs for rentals? Only plus point is the unit can be considered for own stay.
thanks for your comments