Hi, I am planning to buy ICON or The Sail @ Marina Bay. It appears that both are fetching the same rent but the yield is substantially different. ICON, being cheaper for their studio/1 bedroom certainly is a better rental yielding property.
However, I am concerned about the upside potential of buying ICON at current market price of $1500-1600 PSF.
Can any of your gurus please advise?
THANKS!
Posted by J V on Aug 2, 2009 in Home Buying | 446 Views
Latest Answers by Real Estate Professionals (1 Answers)
Answer Posted on Aug 16, 2010
Investor paid more for the sail because of the location and the view. However, icon may gives a better yield as from what i see, the rental is about the same for choice unit and those with no view.
As investor, it is hard to time the market. Will Icon drop to another 10-20%. No one knows. One thing we do know is land in outskirt of city are tendering at record price.
What's important is you have done your maths before any purchase to ensure you have holding power. Icon and the Sail are both easy to rent out.
As investor, it is hard to time the market. Will Icon drop to another 10-20%. No one knows. One thing we do know is land in outskirt of city are tendering at record price.
What's important is you have done your maths before any purchase to ensure you have holding power. Icon and the Sail are both easy to rent out.
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