I bought a studio apartment in Geylang area with flr area 410sqf and will TOP in 1 yrs time, would like to know the estimated rental return? and any agent could help me to rent out?
If in future I would like to invest in another private properties, wht is the best option in term of rental yield for 1 bedder, 2 bedder or 3 bedder?
Posted by Lee on Oct 5, 2011 in Investing in Singapore | 589 Views
Latest Answers by Real Estate Professionals (6 Answers)
Answer Posted on Oct 17, 2011
Mr Lee,
As the TOP is next year, the rentals would certainly be different from the current rentals. The yield is around 4% and above in Geylang as the Principal is low ( as compared to other areas).
In the current scenario for my Investor Clients who are looking at good rental yield i am picking up units with 4% gross yield. In a worse scenario this can atleast remain anywhere between 3.5 to 4%
Yes there are other locations too where we can source good units.
Regards,
Radhika Prakash - Global Realtor
DTZ Debenham Tie Leung
93380071
As the TOP is next year, the rentals would certainly be different from the current rentals. The yield is around 4% and above in Geylang as the Principal is low ( as compared to other areas).
In the current scenario for my Investor Clients who are looking at good rental yield i am picking up units with 4% gross yield. In a worse scenario this can atleast remain anywhere between 3.5 to 4%
Yes there are other locations too where we can source good units.
Regards,
Radhika Prakash - Global Realtor
DTZ Debenham Tie Leung
93380071
Reply from Lee - May 16, 2012
hi Radhika,
Do you have latest info for the rental transaction for studio unit in Geylang? I am following up since your last email. Thanks.
hi Radhika,
Do you have latest info for the rental transaction for studio unit in Geylang? I am following up since your last email. Thanks.
Answer Posted on Oct 6, 2011
Hi Lee,
Geylang properties as mentioned can fetch around $2.3k - $2.6k easily for a 1 bedroom basing on the current asking rental and the caveat lodge.
Its hard to advise which is the best option at this point of time to invest in a 1,2 or 3 bedroom as they all have their own investment benefits and also, will depend on your comfort level of investment
Currently I do have a new launch in Geylang Lorong 26, Rezi26, that will be holding its preview on this Friday, 7th Oct.
Rezi26 is a Freehold development with 106 units that consists of 1-3bedroom, 1-3bedroom Penthouse and also, a Conservation Bungalow as a Clubhouse. Prices are very attractive as 1 bedroom will start from $490k onwards and Penthouse as start from as low as $850psf. Currently more than 35 units has been sold in this week VVIP preview, strictly by appointments only.
If you are keen in Rezi26 and would like to find out more, do contact me as soon as possible to enjoy the current 10% + 8% discount before the developer further reduce the discount, possibly on Friday
Rgds,
ZhiWei
Huttons Asia Pte Ltd
CEA Reg No: R008382A
Mobile: +65 9758 4090
Email: lin.zhiwei.81@gmail.com
Website: http://SGNewCondoLaunch.com
Geylang properties as mentioned can fetch around $2.3k - $2.6k easily for a 1 bedroom basing on the current asking rental and the caveat lodge.
Its hard to advise which is the best option at this point of time to invest in a 1,2 or 3 bedroom as they all have their own investment benefits and also, will depend on your comfort level of investment
Currently I do have a new launch in Geylang Lorong 26, Rezi26, that will be holding its preview on this Friday, 7th Oct.
Rezi26 is a Freehold development with 106 units that consists of 1-3bedroom, 1-3bedroom Penthouse and also, a Conservation Bungalow as a Clubhouse. Prices are very attractive as 1 bedroom will start from $490k onwards and Penthouse as start from as low as $850psf. Currently more than 35 units has been sold in this week VVIP preview, strictly by appointments only.
If you are keen in Rezi26 and would like to find out more, do contact me as soon as possible to enjoy the current 10% + 8% discount before the developer further reduce the discount, possibly on Friday
Rgds,
ZhiWei
Huttons Asia Pte Ltd
CEA Reg No: R008382A
Mobile: +65 9758 4090
Email: lin.zhiwei.81@gmail.com
Website: http://SGNewCondoLaunch.com
Answer Posted on Oct 5, 2011
Hi Lee,
Current market conditions, you should be able to command $2500 pretty easily.
As for future investments, I have always favoured a 2 bedroom unit with an utility or study. Just about the right size to suit most families with 1-2 kids.
Regards,
Geryl LIM
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg
Current market conditions, you should be able to command $2500 pretty easily.
As for future investments, I have always favoured a 2 bedroom unit with an utility or study. Just about the right size to suit most families with 1-2 kids.
Regards,
Geryl LIM
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg
Answer Posted on Oct 5, 2011
Hi Ms Lee,
I can assist you to rent it out, firstly I will do an analysis of rental in nearby project and establish current market condition for this area, then of course depending on whether it is fully furnished, facilities and amenities, we get the rental price.
Do call me at 91859011 for a further discussion
Sheryn
I can assist you to rent it out, firstly I will do an analysis of rental in nearby project and establish current market condition for this area, then of course depending on whether it is fully furnished, facilities and amenities, we get the rental price.
Do call me at 91859011 for a further discussion
Sheryn
Reply from Lee - Oct 6, 2011
Thanks. Will keep in touch with you when TOP.
Thanks. Will keep in touch with you when TOP.
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thanks, for me 4% seem abit low.