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Hello

Just sold my HDB. Now I have about 500k cash ready and am looking to buy a condo. I will need to rent this condo out as I am not in singapore most of the time. Budget around 1-1.5m. I hope the rental can cover mortgage.

Any suggestions please?

Thanks.
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10 Answers

YT Tan (陈永达)
Good morning investor,

Noted on your intention. May I know do you have any preferred location in mind?

Care to share more of your requirements?

- resale or new launch
- tenure (99 leasehold or freehold)
- number of bedrooms
- minimum size

Btw at the meantime, why not let my bankers advise you on your approval in principle first?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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Hi,

May I have your requirements such as preferred budget and location? Thanks and hope to value add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi, would you prefer a resale condo which you could collect rental immediately once it is being rented out, or a new project? Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Dear Sir/Madam

I have some 1-bedder and 1+study units in the city and city fringe areas that cost around $1m. These units being near to the city and transport nodes will be very rentable. Will you be keen to explore?

Regards
Jolyn Tan
Associate Director
OrangeTee.com Pte Ltd
Mobile : +65-90118028 
Email : jolyn.tan@orangetee.com Read More
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Hi
In current resale market, as rental have drop a lot now. Most units with tenancy at this point of time will not cover the monthly instalement. You will still need to top a bit of cash for the instalment and maintenance fee.
How about also considering projects that are going to TOP soon or new launch?
You may reach me via 91442664  for a detailed discussion. I would love to assist you from here.
Tricia Tan
 91442664  Read More
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Hi buyer,

First you'd need to get a banker to assess how much loan you can get.

However with you budget and requirements I'd definitely recommend a under-construction/newly completed condominium, which will command better rental yield. There's a really good development at the city fringe, within 10 minute's drive to town and CBD, hence the popularity with expats in the future, and well within your budget as well (developer offering a great deal of 16% discount currently).

Feel free to contact me and I'd arrange for the viewings at your convenience.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Afternoon,

I would deem that beside ready cash, you might also have available CPF funds. Based on your credit and income status, bankers will be able to project how much loan you can get. With this figures, we can then work backwards to search for unit that is within your budget and have the possibility of fetch the required rental amount to help reduce your mortgage liability.

Do contact me further should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Sir/Mdm,

1. I would suggest that you purchase a resale condo so that you can rent out immediately and generate rental income.

2. A 99 years leasehold property as compared to a freehold property is more ideal as the quantum is lower as compared to a freehold one, translating to a higher rental yields. 99 years leasehold tend to be located nearer to MRT or us interchange making it more attractive to potential tenants.

3. I have some units in the east at areas such as Bayshore Road (expats favourite) and Tanah Merah (Near MRT, airport and changi business park) area which may suit your requirements. May I know any particular areas you are looking at?

4. Please feel free to contact me so that I can help you draft up a comprehensive financial plan as well as understand your needs to advise you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

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Dear sir/madam,

The purchasing budget of $1m to $1.5m was established together with a banker or your estimation? Since you have mentioned that you are out of town most of the time, can I find out if your income is a foreign income or local income? For foreign income, do you pay tax in Singapore?

I am asking because I have a client recently who met roadblocks in the loan application due to foreign employment, which could potentially affect the loan quantum here.

It is therefore in your interest to look into the financing planning aspect to determine and be confident of the amount you are eligible to loan and finance before deciding what type of property you should look into in order to maximise the returns.

Let me know if you require further assistance here.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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