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An agent I known for years has been encouraging me to buy a spacious old 999 years 2 bed unit UE square..price there mostly 2mil above however the rental is 5k plus which hard to cover my mortgage, let alone all the Mcst, property tax, agent fees, Reno cost..etc.. this my only investment unit , however agent has been telling me the prime location, plus the upcoming canninghill piers once completed the price will further increase to 3 million. Just want agents here the honest view, is this a good deal?
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6 Answers

Hey there, I am happy to discuss this with you and, perhaps I can give you some insight on your situation.

From what i am hearing, you're looking for an investment property with a good rental yield and in fact possible capital gain from the years of holding.
There are actually a lot of other elements/factors that determines if the property suit your investment profile.

As replies may get too lengthy, I would love to discuss this topic over a casual phone call with you.

Kind regards,
Ethan Tan
ERA
Phone/WA: 9150 9457  Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes I agreed that this condo could fetch a good rental yield due to its location but unfortunately for the transacted price to hit 3m, it may seem very challenging…

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Did you friend tell you how long it will take for the price to increase to $3m? While it is not exactly a bad purchase with the potential as well as the location within city area, to be able to get 2 bedrooms with 999 years leasehold for $2m range is indeed attractive if we compare to other projects or developments. The key thing here is that since you are planning to rent out as an investment and the cash flow is a concern, then this may not be a good investment afterall.

Property investment returns can come in different forms, so from your entry here, it seems that you are looking towards more for the rental returns to support this investment. The safety net is also a critical factor for consideration, in the event of a downturn, loss of income or etc, you must be able to sustain for a period of time too, thus UE Square as a good investment may not apply to you.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,

A large part of it depends on your entry price plus investment horizon timeline for this investment. Is your objective to get recurring rental income or more towards capital gains? Do you plan to exit after 5 years? Are you planning to take max 75% loan?

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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Hi,

1) Let me share some figures to give a rough understanding of Singapore property trends.
2) The data below covered more than 95% of all the pure residential, mixed, & integrated development. The lease type consists of 99, 999, and freehold.
(a) The growth rate at TOP: 8.7%
(b) The growth rate at 2023 from launch: 80.2%
(c) Rental yield: 3.3%

3) Core Central Region (CCR) data:
(a) The growth rate at TOP: 6.8%
(b) The growth rate at 2023 from launch: 75.1%
(c) Rental Yield: 2.8%

4) Rest of Central Region (RCR) data:
(a) The growth rate at TOP: 9.5%
(b) The growth rate at 2023 from launch: 86.4%
(c) Rental Yield: 3.5%

5) Outside Central Region (OCR) data:
(a) The growth rate at TOP: 8.9%
(b) The growth rate at 2023 from launch: 76.2%
(c) Rental Yield: 3.5%

6) In general, the growth rate in CCR is the worst compared to the RCR & OCR. Thus if you are looking at cashing in at a near future growth rate. This is not the best choice.
7) The rental rate in terms of dollars and cents is higher in CCR, but not the ROI.
8) I can't estimate the growth rate in the future. I can only analyze based on the historical data to get a reference.
9) Hope the data provided can assist in your decision-making.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More
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