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Hi, I'm looking to purchase a property to rent out. I've around 400k cash & can take a loan for the remaining. Any good properties that are not too pricey with high rental value which would be good to look at? What are the associated taxes or stamp duties which I would need to pay if I do not own any properties?
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5 Answers

YT Tan (陈永达)
Good afternoon! I will recommend you to do an in principle with bankers first to find out the loan amount you will be able to loan. First it's due to the TDSR ruling and secondly, to prevent you from losing your 1% option money if you find out you won't be able to take up a favourable loan amount. I can request my bankers to advise you on it. As a norm, net rental yield is about 2.5 to 3% in Singapore, you should look into that. As for taxes, it will be the usual buyer stamp duty (additional buyers stamp duty will be applicable if you are a PR or foreigner) and mortgage stamp duty in the event that you do not own any property at the time being. Other costs are legal fees, valuation fees etc. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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Dear investor, I have just the right property to recommend you. 1 bedroom unit at Thomson V One for sale. 420sqf build in area within 10minutes walk to Marymount MRT Station. Similar sized unit has been rented out at $2400 already. UOB valuation can match up to $700k. Owner will let go at $650k, simply indicating that with which means you are already enjoying about 35% returns of cash investment based on the valuation of $700k. On top of that with the excellent rental prospect, you are looking at a great deal. I have an openhouse tomorrow at 11am for this unit therefore if you are keen to come by, please do let me know. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg 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! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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Hi, you might want to get an in principle loan approval from the bank first to see what's the loan amount you could get. Assuming you would want to take up an 80% loan and if you do qualify for 80% loan then with your $400k Cash you could potentially look at property value of $1.7m (considering the 20% downpayment and normal buyer stamp duty given that you do not own any other property and if you are a SC). So it depends what kind of investment quantum you are looking at and the loan that you are able to qualify. Anyway i do have property that have rental yield of above 3%, so if you are interested to give me a call at 84282282  or email me at kelvinchen.era@gmail.com Read More
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Hi, we have a just TOP freehold unit that is asking at a price 5% below bank valuation at $7xxK. The good news is, it is already being tenanted with the rental yield of at least 4.5%! I'm reachable at 91264595  and propnex.jessica@gmail.com if you would like to find out more. Thank you. Read More
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Hi, I got an affordable 2bedder with approximate 4% yield. pls call me if you are keen to know more. 96998868  . behchinsing@yahoo.com Read More
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