3 Answers

Catherine PANG
buy units near mrt or location..
check rental yield and sales transaction trend..
engage an agent who can guide you with finncial planning, instalment, repayment, and in case..how to dispose distress property
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Anthony Tan 陈鸿杰
Hi Mighty1,

I personally would go for resale condos. For the purpose of rental income, why pay upfront sums with no income for 2 to 3 years? Even the general sentiment of market seems to be very good and prices are high, there are still good buys with chances of decent passive income and even potential capital gains.

Feel free to give me a buzz for further discussion.

Anthony Tan
Propnex Realty Pte Ltd
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Jerry Wong 黃崇豪
Hi Mighty

Rental yields for condos in Singapore are actually one of the lowest in the world at 3-5%. You can come up with this rate easily by comparing the current market rates for rental versus their selling price.

However, that being said. Is it a bad idea to invest then? Well, here are my perspectives on this issue.

Resale Units
-You can rent out the units straightaway to collect income. However, you might face incredible competition from home owners who have bought their units on the cheap 10-20 years ago.

New Projects
-Everyone buys the units at the developer's price. However, you have to wait for the unit to be full constructed. Hence, lost of income during that time frame.
-Rental Yield will increase over time as property price increases. It is not surprising for some home owners to get yield as high as 15%.

If you miss the initial launch and if all units are completely sold out. You can always get it from someone else who have bought earlier. This is also known as a sub sale.

Best Regards
Jerry Wong
#1 Team (April, May, July 2010)
#1 Real Estate Company HSR
HP:(+65) 97429185
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