Hi guys, hoping you guys can help with some advice or opinions on some questions i have with regards to a 2 bedroom property investment in District11.
I have a budget of $850 -$900k and im looking to purchase a studio or 2 bedroom unit in D11 as an investment and rental. I have scouted sites like propertyguru and found that are choices available such as The Ansley, 833M Residences, e Axis, the novas, etc.
1st question - is this going to be money well spent? I have been looking at a few areas and as i said earlier, this is for investment and i would assume that the nearer it is to town the more potential in the property ( old school i know
) and the nearest i could get to town and i could afford was only in D11. What do you guys think of the potential of the district itself and how much psf do you think its worth now? ( how much would i be counted as overpaying, so that i wont make the wrong decision when if i eventually do decide to buy a property within d11.
2nd Question - I see a significant difference in price in terms of location, of properties in District 11. For example, properties along evelyn road ( also district 11 ) are priced way out of my reach but projects along Mandalay Road is significantly lower. Will investment in these area be worth spending $850k for these properties and will it be a money well spent is my question?
3rd Question, with my current budget,im restricted to a Studio or a 2 bedder in that area. Im looking at 700sqft and above. Another amatuerish question would be, would a 1 bedder ( im assuming its also called a studio ) be more worth buying or a 2 bedder.
4rd Question - Any positive or negative comments or recommendation in terms of property choice within d11? i have shortlisted a few which fits my criteria of ( 700sqft and above and below 900k in District 11)
I have come up with a preliminary stat based on the listing on PropertyGuru
The Ansley- One Bedroom 732sqft $900k- Rental$3300*
Mandale heights- One Bedroom 764sqft $829k- Rental$3300*
833M Residences - One Bedroom 889Sqft $860k - Rental$3200*
De Paradiso - Two Bedroom 904Sqft $850k - Rental$3200*
The Axis - TBC
The Mezzo - TBC
I Residences - TBC
Nova48 - TBC
Nova88 - TBC
M21 Residences - TBC
Please bear with my limited knowledge of the property market, im very young and new to this as this is my first property investment and im hoping to learn more of the market sentiment and trends and opinions of investors and property buyers.
Thanks