It is affordable no doubt, but whether is it a good investment or not, it is quite difficult for me to give an opinion.
Looking at the sector, we have a handful of aging projects like The Tropica and Pinevale further down. The newer projects are like Waterview, QBay, and soon to TOP Santorini. I have not factored in Arc @ Tampines as they are still within MOP for the EC. So the question is what is the driver for prices to appreciate in the area? Where are the tenants coming from to fill up the units purchased solely for rental income? The intense competition from surrounding projects is likely going to erode the rental returns.
If you are intending to purchase a unit for own occupation, I think if the price is affordable in terms of financing it based on your income, by all means, go for it.
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/
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) - Century 21
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
Read More
