Results 1 to 12 of 12

Thread: D15, Apartment potential rental income?

  1. #1
    Join Date
    May 2009
    Posts
    298

    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
    Join Date
    Oct 2008
    Posts
    648

    Default

    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
    Join Date
    May 2009
    Posts
    298

    Default

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

  4. #4
    Join Date
    Sep 2008
    Posts
    774

    Default

    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
    Join Date
    Sep 2008
    Posts
    774

    Default

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

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

  6. #6
    Join Date
    Oct 2008
    Posts
    648

    Default

    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
    Join Date
    Jun 2009
    Posts
    128

    Default

    Which part of D15? Siglap V?

  8. #8
    Join Date
    May 2009
    Posts
    298

    Default

    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
    Join Date
    Feb 2009
    Posts
    5,837

    Default

    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
    Join Date
    Jun 2009
    Posts
    97

    Default

    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.

  11. #11
    Join Date
    May 2007
    Posts
    107

    Default

    [email protected] opposite only at 900 psf.Immediate rental or stay.

  12. #12
    Join Date
    Sep 2008
    Posts
    774

    Default

    With current low interest rates, rental rates took a dip as well given that owners / landlords need not service so much interest on housing loans, that being said, savings are passed on the lessees.

    Also, supply vs demand factors come into play.

    So my personal opinion...I don't expect rental market (except for developments with close proximity to IR) will shoot up in the near term due to tons of new units TOP in 2010/2011 plus influx of foreign talents still dampened (refering to those with expats terms)....and when interest rates increase....a correction in the property sector is coming on the way...could happen as early as next year..

    But then, we still have a year of bull run in 2010, best to go in quick and come out quick too to make a fast buck.

Similar Threads

  1. rental income
    By Lav123 in forum Singapore Private Condominium Property Discussion and News
    Replies: 3
    -: 22-01-18, 11:34
  2. Can u rental income to loan more for property?
    By star in forum Coffeeshop Talk
    Replies: 2
    -: 27-08-16, 01:22
  3. Is Rental Income a Good Passive Income
    By Laguna in forum Singapore Private Condominium Property Discussion and News
    Replies: 54
    -: 21-09-12, 12:03
  4. Rental potential of condo penthouse..
    By radha08 in forum Singapore Private Condominium Property Discussion and News
    Replies: 28
    -: 12-02-12, 13:49
  5. Investment for Rental Income
    By Petertan123 in forum District 15
    Replies: 57
    -: 25-10-11, 22:41

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •