Liquidity seems to be a big factor for 1 bedroom or shoebox apartment as the pool of buyers are usually investors looking to buy for investment just like yourself.
Given such a profile, are you willing to pay a premium over the purchase or you would like to pay as low as possible. Similarly, when you are looking to sell this shoebox unit, the similar situation applies.
Estimated rental for shoebox units in the location you have pointed out should be a good $1500 upwards, therefore if you work out the sums, the resale price should be less than $600k in order to get a gross rental yield of above 3% to make it a reasonable investment property.
We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team
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Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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