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Hi, my wife and I are SPR (Malaysian). 50k cash in hand, 120k CPF ordinary account. Combined monthly salary SGD 11000 Would like to invest in a 550-600k condo to rent out.

1. Please suggest any unit(prefer west/clementi/buona vista/bukit batok area) that can be easily rented out and the rental is enough to cover the installment.
2. Besides monthly installment, what are the fees needed to pay to maintain the condo?
3. Is now a good time to enter the market?
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4 Answers

Hi,

I have a 1BR recommendation for you, should be a good fit. Besides monthly installment, there are also maintenance fees every quarter and annual property tax. There are also initial renovation and furnishing costs, as well as monthly upkeep costs for repairs (if any). Projects near MRT are still sought after by tenants.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
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Hi Sir,

Good to know that you have a housing plan.

May I know more details such as is it your 2nd or 3rd property for this investment?

Beside installments, renovation, furniture, monthly maintenance fee would be the additional cost for condo investment.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More
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If it is purely for investment, I believe that there could be potential downside to go further. As the rental market is also relatively weak, I strongly do not recommend any purchase now unless you are able to secure it at a significantly reduced price.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Now it is not a good time to entry the market if it purely for investment purpose.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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