Dear sir/madam,
The investment property if it is a residential property, will require you to set aside 7% of cash as ABSD, therefore considering the cheaper range of private property you can purchase at $600k, your cash required for ABSD will be $42,000, meaning you have only $58,000 for initial downpayment (without considering the legal fees and miscellaneous fees involved). Assuming this investment property allows you a rental return of $2000 per month, you are looking at 21 months of rental return before earning back the ABSD, not forgetting to mention you still have maintenance fees each month to fulfill and also set aside some additional cash to attend to any repairs required for the apartment. All in all, we are probably looking at 23-24months worth of rental before recovering your ABSD and start earning the rental income.
Is it worthwhile then to invest now?
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
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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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