Search Result for 'Ord Road'
739 'Ord Road' Result(s) found in Ask Guru - Questions & Answers
Can we get a one or two bedroom apartment in the Orchard Road/Holland Road area for circa S$950.000? Good lift access needed.
Posted by Peter Ellinger - March 08, 2008 | Category: General Questions
Think back, 30-40yrs back, a 20000sqft detached house in Nassim road costs S$80K-S$90K, but at current situation, it costs min S$20M. So, what is the percentage of return? Imagine, if you buy say a 99yrs super high end condo at S$29M for say 5178sqft which translate into S$5600psf. Usually, before it T.O.P, it takes 2-3yrs. So minus the remaining lease it is about 96yrs lease from T.O.P, what is the upside of this super high end condo? Assuming the ultra rich owner never sell, per year basis, it depreciate by S$302K, wow ! it is a lot like deprciating a 4rm flat on per yr basis. But if you buy say a S$20M 20000sqft detached in cluny park, what is the upside. To me, to appreciate to S$30M is within reach given the fact that a FH Land-Title Landed property own this piece of 20000sqft land whereas Strata-Title FH condo does not own any land except it merely share the land with its neighbour, be it very exclusive 35 tenants or not so exclusive 2000 tenants? What is your comment?
Posted by Albert Lim - March 12, 2008 | Category: General Questions
I'm a foreigner on an EP and renting an appartment on Scotts Road, the Owner is looking at selling in order to cash in on the market. He wants around SGD 3.5 Million but if I were to leave Singapore and rent it out, the income would not even cover half the cost of the mortgage repayments based on 25 years repayment. Please can someone help explain the situation. Why are rental yields and sale prices so out of line?
Posted by Alex Vogel - March 22, 2008 | Category: General Questions