Here's what Francis can consider in Singapore's property market to find a property with good rental yield and growth potential:
**Finding Properties with 4-5% Yields:**
* **Market Averages:** While achieving 4-5% gross rental yields (annual rent divided by purchase price) can be challenging in Singapore's current market (around 4.63% average for Q1 2024), some property types might offer better returns.
* **Consider Property Types:**
* **Older Apartments:** Rental yields tend to be higher for older leasehold apartments compared to newer ones. However, these properties might have lower capital appreciation potential.
* **Studio Apartments or Smaller Units:** These can be attractive to tenants due to affordability, potentially leading to higher yields.
**Balancing Yield and Growth:**
* **Yield vs. Capital Appreciation:** It's a trade-off. Properties with higher yields might have lower capital appreciation potential, and vice versa.
**Impact of Government Measures:**
* **Government Cooling Measures:** The government might introduce measures to regulate property prices. These can impact short-term growth but might contribute to long-term market stability.
**Predicting Market Turns Difficult:**
* **Market Predictions:** Accurately predicting when property prices will peak is challenging. Focus on finding a property with strong fundamentals (good location, rental demand, potential for growth) for a long-term investment strategy.
**Recommendations for Francis:**
* **Research Different Property Types:** Explore areas with older apartments or smaller units that might offer higher yields.
* **Consider Long-Term Strategy:** Prioritize properties in good locations with stable rental demand for long-term capital appreciation alongside rental income.
* **Consult a Property Expert:** A property agent or financial advisor can provide personalized advice based on Francis's specific needs and risk tolerance.
By understanding the market dynamics and conducting thorough research, Francis can increase their chances of finding a suitable investment property in Singapore. Remember, property investment involves inherent risks, so diversification is recommended.
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From: ABLE Toh- Your Property ASSISTANT ：）
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