I have the intention to buy a unit in Icon (Tanjong Pagar). The unit is 657 sqft and price per sqft is 1,560 S$. Also, it is currently rented for the next 2 yrs at 5.5K per month, which implies a yield of over 6%. The price per sqft is already low compared to the current market, still I don't know if I should wait more to buy in view of property prices falling further. What do you think? Shall I invest now?
Thanks, Gil
Posted by Gilberto Gaeta on Apr 12, 2008 in General Questions | 2113 Views
Latest Answers by Real Estate Professionals (9 Answers)
Answer Posted on Mar 11, 2010
Any buyers interested in NEW LAUNCH of 76 Shenton Way....please contact me for special PRIVATE PREVIEW on 13 March (this Saturday)! 8113 7182.
Answer Posted on Apr 18, 2008
Hi Gil, Icon is one of the very rare condo in the Shenton Way/Tg Pagar area. It is modern with full facilities and I would say, is currently one of the most demanded condo in terms of resale and the rental yield is one of the highest in the condo market now. The current price ranges from $1350 to $2000+ psf depending on the level/view. Taking into consideration of the neighbourhood Sands & Genting IRs/marina bay area/Shenton way/MRT, I would say its one of the best buys.
I've few units for sale ranging from $1350psf up. Do contact me if you have further queries.
Kelvin-ERA
kel_0505@hotmail.com
8189 1589
I've few units for sale ranging from $1350psf up. Do contact me if you have further queries.
Kelvin-ERA
kel_0505@hotmail.com
8189 1589
Answer Posted on Apr 16, 2008
Hi,
Most importantly, you should do your homework throughly or discuss it through with a Real Estate Advisor before buying. In my opinon, you can compare with different development within the area, the percentage of price increase since the property boom. In most cases, the bigger the increase, the better the investment.
Most importantly, you should do your homework throughly or discuss it through with a Real Estate Advisor before buying. In my opinon, you can compare with different development within the area, the percentage of price increase since the property boom. In most cases, the bigger the increase, the better the investment.
Answer Posted on Apr 15, 2008
The icon, being in the city will have good demand for rental.
Most importantly, you need to calculate your sum to ensure that your rental is able to cover most part of your mortgage, and that you have the holding power in case the market dip further before it swings up.
No one can be sure if the market will go up or dip further. There are still sales transaction, which shows that different group of people have different views of the market. The most important thing now is to buy within your means.
Hope this helps.
Ignatius & Adelina (B.Eng, CPA)
Email: sghousingpartners@gmail.com
Mobile: 9017-9690
Most importantly, you need to calculate your sum to ensure that your rental is able to cover most part of your mortgage, and that you have the holding power in case the market dip further before it swings up.
No one can be sure if the market will go up or dip further. There are still sales transaction, which shows that different group of people have different views of the market. The most important thing now is to buy within your means.
Hope this helps.
Ignatius & Adelina (B.Eng, CPA)
Email: sghousingpartners@gmail.com
Mobile: 9017-9690
Answer Posted on Apr 14, 2008
As far as you are concern, you are looking for good rental yield. Icon is a GEM located within CBD. Expected high influx financial expats running up to 2010. Buy when nobody wants
Answer Posted on Apr 14, 2008
As far as you are concern, you are looking for good rental yield. Icon is a GEM located within CBD. Expected high influx financial expats running up to 2010. Buy when nobody wants
Answer Posted on Apr 14, 2008
As far as you are concern, you are looking for good rental yield. Icon is a GEM located within CBD. Expected high influx financial expats running up to 2010. Buy when nobody wants
Answer Posted on Apr 14, 2008
hi gil, at this current market the price is really reasonable with the rental yeild and at that location in future there is a protential that the rental yeild might be better as is near alot of office and not too far from ir.
Answer Posted on Apr 14, 2008
If the price is already low compared to the current market, you should be buying it already since you already have the intention. It's hard to tell whether the property prices will fall or rise if you wait longer. As this is an investment, there will be risks involved. But over long term, property prices will still go up, especially in Tanjong Pagar area.
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