This one was a fast seller..
This one was a fast seller..
ryan, it has grown a lot since then
HI all experts
Is this project worth 1.5k psf for a MM unit at current price? To buy and rent out purposes. Thanks for advices
1.5kpsf....if its high flr den ok becoz the MM high flr commands pretty gd view....rental i believe can fetch 2.5-2.8kOriginally Posted by kawaiing
however, i must say the pool looks like longkang
463sf x 1500psf = 694,500Originally Posted by kawaiing
Good buy
its 614spf x 1465=900k, level 2, nice unit layout and nice renovation.
u mean this one? not much reno wor....Originally Posted by kawaiing
http://www.propertyguru.com.sg/listi...sale-the-medge
its actually a 1bedder rite? gd for own consumption but bad for rental yield wor...900k pretty large quantum....
i rather u pay 900k for a 1bedder at montebleu with full condo facilities
http://www.propertyguru.com.sg/listi...sale-montebleu
Ya this the one, its one plus one, the study room is not that small, but one thing is level 2 worry not easy to sell if cannot rent out, i staying at montebleu now, just feel that the 1bedder the balcony take up too big area. Thanks for the advicesOriginally Posted by devilplate
welcome....hows ur stay at montebleu so far?Originally Posted by kawaiing
if same quantum...go for montebleu anytime.....1bedder can fetch a couple of hundred more den medge 1+study definitely....and montebleu's pool definitely looks more decent
Montebleu is good for me, most people are tenants here so carpark always 1/3 so no issue to find a lot, only thing is maintainance fee i think abit too high, and expected to be more after june this place hand over from developer and sure got those sinking fund added like P11.Originally Posted by devilplate
expected lor...151units and yet full condo facilities....ya,,,sinking fund is the killer...Originally Posted by kawaiing
my current plc from about $160(TOP) increased to $210 and now $260.....
mine now is $385... dunno how much will add... xian..Originally Posted by devilplate
2 bedders or 3 bedders?
Originally Posted by kawaiing
3bedders unitOriginally Posted by melodies
no leh, even places like caribbean with 1000 units also went from 3xx when TOP to 5xx now for 3 bedder.
Originally Posted by devilplate
Low overhanging beams is a no-no and turn off personally... bad fengshui also.
1000 units still want to collect $5xx pm? So ex? I thought only those exclusive estates with 200+ units then need $5xx pm?
Originally Posted by bargain hunter
you'd be surprised. many condo maintenance fees are going up, investors need to take this into account too.
as for caribbean, yeah...so ex! i have quite a few friends staying there, all lamenting this ever increasing fee. even the new owners who bought the previously tenanted units sold by keppel last year, start off already $500.
Originally Posted by melodies
paying $250 at carabelle for a 3 bedder. but we have 338 units here. so, why so expensive at Caribbean?Originally Posted by bargain hunter
quite reasonable if it oredi includes sinking fundOriginally Posted by stalingrad
sinking fund is included. total bill including sinking fund contribution is $252 per month.Originally Posted by devilplate
beats me why ours is so low. understand that monthly fee at botannia is more than $300 per month for 7 shares.
Last edited by stalingrad; 05-04-11 at 18:23.
Doesn't the monthy fee typically rise after the developer handover the maintenance?
has developer handed over the maintenence yet? 250 is before or after GST? these days 7% (heard it will be 9% after elections), can be significant.
i m not sure why for carribean, maybe becoz their "Waterways" r harder clean? LOL.
but we can be sure, the more "gimmicks" a new condo project has, the higher will be the maintainence in future and it will be RISING!
Originally Posted by stalingrad
Originally Posted by bargain hunter
yes, this is the rate set set the first resident AGM, after the developer pulled out. we don't pay GST because carabelle is not GST registered. we may become GST registered if total monthly bills in the future goes above $1 million.
I am not sure whether our bills will rise in the future. but so far, two years after TOP, the bills are probably one of the lowest in SG.
Correction: it is total annual ( NOT mthly) collection above $1m !
Govt surely love those big many units condo estate because they sure have to pay 7% GST! (Paying higher GST is just a matter of time!)
Why pay GST for nothing?
Originally Posted by stalingrad
Very sorry to hear that you will be paying GST for your condo maintenance soon!
338 units x $252 x 12 mths = $1.022m !
Because out of 338 units, some are smaller (while a small number are bigger), so total collection a year for your crabelle probably just slightly under $1m!
That is I say, always go for those <200 units condo! That will give you allowance for maintenance fund up to $450 pm before you need to pay GST! (Obviously, even less number is better!)
Originally Posted by stalingrad
Don't be too happy yet... The mcst might be miscalculating the needs PCMCIA condo, in two years time, when cyclical repair and repalcement works comes, they will askmfor special levy... For a com do ofmyour size, pairing works alone will be about 600k...Originally Posted by stalingrad
Thats why I reiterate - small is beautiful! LolOriginally Posted by CCR
that is true. in a few years, we will go over the 1 million hump, which will make us an involuntary GST registrant. but mind you that becoming a GST registrant is not all bad. We will be getting GST refund for operating costs. So the net effect is really negligible.Originally Posted by teddybear
Thus, it is not true that small project is good. some small projects charge more than $600 per month in the west coast area. they don't have economies of scale.