My friend is looking for a $600k property that can have immediate rental income. Any reccomendation??
My friend is looking for a $600k property that can have immediate rental income. Any reccomendation??
Hi
You can ask your friend to call Peter, an investor cum agent to help you on this. His number 98163678.
Thanks.
John.
Hi
Does your friend prefer freehold or don't mind 99 yrs?
Call me Peter for a no obligation discussion.
Thanks
Peter
98163678
Last edited by firesaleguru; 21-06-10 at 17:36. Reason: wrong section of posting
very tough..only MM unitsOriginally Posted by ay123
i aso got a fren with 600k budget max...i tell him to keep the $ in FD
wah liu discouraging leh..... is always good to start small than nothing mah.....FD interest like peanut shellOriginally Posted by devilplate
Hilvview area, 2 roomers, a lot less than $600K.Originally Posted by ay123
bcoz if u get those Mm units in telok kurau, little india, kovan etc at ard 1-1.2k psf...how much can u make in future as the size is so small..a small jump in quantum can shock the buyers in psf orediOriginally Posted by ay123
i rather use tat $ to fry stocks...
really ar?Originally Posted by sfwoo
can u share a few such listings? tat will be very helpful
Search in propertyguru for Spring @ Langsat, ONE @ PULASAN, PARC IMPERIAL, PRESTIGE LOFT, BLU CORAL, D'CASITA all recently top
Aim for Regent Height, Parkview, Hilltop Grove 2 roomers.Originally Posted by devilplate
Further away from Hillview, Northvale(CCK), Mayspring(Bkt Panjang) 2 roomers also can.
You can try Melville Park at Simei (near to Tanumy DBR).
Can get a 2 br with reasonable size.
A lot of Indian engineers renting there. Can even buy with tenancy if u are lucky.
Your friend may be right, above $600k at this market i dont think
can get good rental yield. Worst still if interest go up. If your friend
is buying with full cash like PRC then no worry. But this is a 99yrs leasehold.
Pls share leh. I thought 2 bedders at all those Hillington Green or Glendale Park or whatever closer to $900k. I think <$600k budget can only get Telok Kurau or Geylang boutique apartments - Hillview should be tough.
Originally Posted by sfwoo
I see - more like the 99LH ones in Bukit Batok and CCK... but even then I think it would be quite a challenge to get less than $600k in these areas (D23).
From propertyguru.com and filtering less than $600k, the projects that appear are:-
1) Spring @ Langsat (D15)
2) Prestige Hts (D12)
3) New launch at Telok Kurau (D15)
4) The Cotz at Telok Kurau (D15)
5) Ebony (D14)
6) One at Pulasan (D15)
7) Parc Elegance (D15)
8) Estella Gardens (D17)
9) Suites at Changi (D15)
10) The Lenox (D15)
11) The Minton (D19)
Still got lots - many looks like small units and concentrating in D14 and D15. Most of the above are less than $500k. Happy searching.
Originally Posted by sfwoo
there is this small fh boutique project 'bliss residences' which T.O.P last year. its located right across kembangan MRT station n its only a 2mins walk away from the station. units there are easily rented out.
saw couple of studio units around 600k+ put up for sale recently.
check it out bro!
Wah lau. Look at this picture of One @ Pulasan. Looks worse than a workers dormitory and yet asking for >$1000psf merely because the units are MM . A typical D15 "boutique" MM development that looks worse than workers dormitory.
http://www.propertyguru.com.sg/project/one-pulasan-522
Actually woodlands also got good rental market with many factories around that area. Rosewood?
Originally Posted by Wild Falcon
I second Melville Park. There is a vibrant Indian community (can be a pro or con) and i am sure they will attract many Indian nationalities.Originally Posted by 3C
There are a number of 2rm unit listed at around 600k. Should not be a problem bargaining for 570k.
Do consider offices at First Center or Northpoint vicinity.
60 year lease, brand new and with rental demand from AMK, Serangoon, Hougang & Punggol.
You believe the asking prices in propertyguru.com?Originally Posted by Wild Falcon
Have you compared the asking prices with the URA data when caveats are lodged?
Eg. One seller was asking $900K on propertyguru.com, last transacted was $770K on URA website.
So, if a 2 roomer, 99LH, ask for more than $600K, you try to bargain below that, and just may get it. $500plus psf still can find, in D23...and if you don't mind YISHUN, and other ULU places...also have.
Hillington Green is 999LH. Glendale Park is FH.Originally Posted by Wild Falcon
Aim for 99LH if budget less than $600K.
u tok like so easy. very hard to find gd deals de. those tat nid to advertise on the net or even newspaper r usually priced high. cannot sell den nid to advertise wat.even if they advertise, usually gone early in the morning...i experience b4...and i also duno whether fishing for buyers or genuinely got such deals at all.Originally Posted by sfwoo
if priced at gd rate, agts dun even nid to advertise...real hot firesales last yr all not advertised!
I agree not easy to find.Originally Posted by devilplate
Agents and their asscoiates grab all the fire sales.
But in ULU places, about $500plus psf is still the going rate for 99LH, going by caveats lodged at URA.
He need immediate rental yield - many of those you stated not TOP yet.Originally Posted by Wild Falcon
yes like what mcmlxxvi pointed out, he need rental yield. And even if he managed to find ulu unit that is at his budget 600K, can rent out or not??!
canOriginally Posted by novel
at what price only lor
someone in the Estuary forum die die said that area got demand
so lets see lor
then again ... rental is not really fantastic also ..
i know 3 bedroom ...brand new at orchard area ... 4.5k can get
A $600k mm unit, at 80% loan over 30 years, has a repayment of about $1800p.m. Assume $200 conservancy, that's $2000p.m. Add property tax, ancillaries, and cost of funds for that initial 20% downpayment, we're looking at breakeven of about $2200p.m.Originally Posted by proud owner
Can an Yishun mm get $2k-2.2k rental? i dunno.
thats the correct way to calculate real costOriginally Posted by gfoo
alot of landlords think their mortgage 3.5k a mth then then rent 3.8k already covers everything ...
having said that .. i am not surprised if 25 pct of landlords of new condos from 2008-2010 period have rented out at a loss ..
maybe another 25 pct at cost
Originally Posted by gfoo
welcome back gfoo
you've been away
buy double bay residence for future upside rental & investment potential. Great demand.