i have the smallest unit (1324sqft) tenanted at SGD6.6k until Nov2012 under corporate lease. Very high floor (18+). What would be the realistic psf i could demand if i were to sell the unit now please? not in a hurry/firesale but would prefer to transact soon. Your reply is appreciated. thanks
Posted by Sean on Apr 28, 2011 in Condo Questions - Latitude | 402 Views
Latest Answers by Real Estate Professionals (5 Answers)
Answer Posted on May 1, 2011
Hi
Now asking for ur unit is around $2.7mil.depending on flr level,facing,condition of ur home,etc etc.
U can sell with tenancy to certain groups of buyer(investor)also.
Hope the above help u to make informed choices.
Contact me at 91551038 or email at richardseet@hsr.com.sg if u are keen to sell.
Thank u.
Richard Seet
CEA Reg.No R006083Z
HSR
Now asking for ur unit is around $2.7mil.depending on flr level,facing,condition of ur home,etc etc.
U can sell with tenancy to certain groups of buyer(investor)also.
Hope the above help u to make informed choices.
Contact me at 91551038 or email at richardseet@hsr.com.sg if u are keen to sell.
Thank u.
Richard Seet
CEA Reg.No R006083Z
HSR
Answer Posted on Apr 29, 2011
Hi Sean,
The asking at Latitude for 1324 sq.ft is close to 3 mio. With the current rentals, if we have to consider an investor to buy your unit, the rental yield is not really attractive. Having said this, its not that such units have not been sold or would not be sold. We need to look for a buyer who either loves this project or wants this project for investment due to its location. Usually these kind of projects are seeked by Corporates.
I am servicing investors who want rental yield of about 3.8 to 4%. I do not have a buyer now. May i request you to drop me a mail on realproperty63@yahoo.com.sg and shall keep this unit in my database for any buyer for own stay.
Thank you and be rest assured there is always a buyer for any unit out on sale. Yes this takes time.
Regards,
Radhika Prakash
DTZ Debenham Tie Leung
93380071
realproperty63@yahoo.com.sg
The asking at Latitude for 1324 sq.ft is close to 3 mio. With the current rentals, if we have to consider an investor to buy your unit, the rental yield is not really attractive. Having said this, its not that such units have not been sold or would not be sold. We need to look for a buyer who either loves this project or wants this project for investment due to its location. Usually these kind of projects are seeked by Corporates.
I am servicing investors who want rental yield of about 3.8 to 4%. I do not have a buyer now. May i request you to drop me a mail on realproperty63@yahoo.com.sg and shall keep this unit in my database for any buyer for own stay.
Thank you and be rest assured there is always a buyer for any unit out on sale. Yes this takes time.
Regards,
Radhika Prakash
DTZ Debenham Tie Leung
93380071
realproperty63@yahoo.com.sg
Answer Posted on Apr 28, 2011
Hi Sean,
Typically, investors will look for rental yield of about 4% for their investment. With your existing tenancy, to meet the 4% rental yield, selling price would be approximately $2m to be very attractive to investors, but market calling price for Latitude is definitely much higher (about $2.7m). This makes the rental yield less attractive to the probable investor (3% yield?). Hope the above can paint a good picture to you and what are your thoughts about these figures?
Do share your concerns and I'll try my best to assist you.
Regards,
Geryl LIM
CEA Reg R014783H
Email: lim.geryl@yahoo.com.sg
Mobile: +65-81577565
Typically, investors will look for rental yield of about 4% for their investment. With your existing tenancy, to meet the 4% rental yield, selling price would be approximately $2m to be very attractive to investors, but market calling price for Latitude is definitely much higher (about $2.7m). This makes the rental yield less attractive to the probable investor (3% yield?). Hope the above can paint a good picture to you and what are your thoughts about these figures?
Do share your concerns and I'll try my best to assist you.
Regards,
Geryl LIM
CEA Reg R014783H
Email: lim.geryl@yahoo.com.sg
Mobile: +65-81577565
Reply from Sean - Apr 30, 2011
given that some transactions have been going thru at 2200+ for bigger units, my target psf is also in this range. is it possible pls? thanks
given that some transactions have been going thru at 2200+ for bigger units, my target psf is also in this range. is it possible pls? thanks
Answer Posted on Apr 28, 2011
Hi Mr. Sean,
The smallest size, 1324 sq. ft., like yours, last trasacted is way back in Nov 2010 at $1662psf. Now the prices have gone up, for the bigger size of 2000+ sq. ft. already transacted between $2000psf to $2200psf. As yours is smallest in size and high floor, you may start to market at $2500psf level.
Let me know if you really consider to sell. I will serve you to the best of my ability in getting you the best offer.
Please feel free to conatct me if you have any questions. Thank you.
Best Regards
J.A.Goh
ERA Senior Marketing Director
HP: 9639 0350
www.gohjaERA.myweb.sg
The smallest size, 1324 sq. ft., like yours, last trasacted is way back in Nov 2010 at $1662psf. Now the prices have gone up, for the bigger size of 2000+ sq. ft. already transacted between $2000psf to $2200psf. As yours is smallest in size and high floor, you may start to market at $2500psf level.
Let me know if you really consider to sell. I will serve you to the best of my ability in getting you the best offer.
Please feel free to conatct me if you have any questions. Thank you.
Best Regards
J.A.Goh
ERA Senior Marketing Director
HP: 9639 0350
www.gohjaERA.myweb.sg
Answer Posted on Apr 28, 2011
Dear Sean,
Shall we discuss on your breakeven price and then include your intended profit before putting into the market for sale?
If we are able to discuss further, please let me know.
PS: You would like to work with someone who look after your interest and advice you accordingly
Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F
Shall we discuss on your breakeven price and then include your intended profit before putting into the market for sale?
If we are able to discuss further, please let me know.
PS: You would like to work with someone who look after your interest and advice you accordingly
Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F
Reply from Sean - Apr 30, 2011
i believe it is rather abt what the price in the market is for this unit (by drawing comaparison to similar units/location etc), and not by my purchase cost of it because that is a sunk cost. thanks
i believe it is rather abt what the price in the market is for this unit (by drawing comaparison to similar units/location etc), and not by my purchase cost of it because that is a sunk cost. thanks
Ask a Question
Search Questions & Answers
Browse Questions by Categories
Advertising in PropertyGuru (321)
Condo Questions (5223)
Design, Deco & Renovation (67)
General Questions (3177)
HDB Questions (3192)
Home Buying (6313)
Home Financing (1100)
Home Selling (1372)
Investing in Singapore (473)
Living in Singapore (101)
Property Agents (786)
Property Legal Advice (470)
Property Market (592)
Renting Property (2778)
Using PropertyGuru.com.sg (181)
thanks for the reply. do you think possible to fetch 2.9mm range please? thanks