Typically I have classified investors into 2 groups.
First group will be those looking at immediate rental returns.
2nd group will be those looking at long term gains (capital appreciation).
First group of investors will tend to choose the leasehold projects nearer to MRT which have a tendency to get better rental returns but leasehold projects usually will have their "run-out date" where it will be tricky to liquidate after certain time frame.
2nd group of investors will tend to choose freehold projects where as much as possible, be near to amenities. These investors will likely opt for the lowest price in terms of per square foot basis such that the room for capital appreciation is higher.
Coincidentally, I am marketing 1 project which is near to MRT and freehold. It is a 1 bedroom apartment where units can be rented out fast as it is within comfortable walking distance to MRT and there are plenty of eateries nearby. The project is near Novena, which is just outside D9 and D10. Owner is expecting $700k but willing to negotiate. Last offer rejected 2 months back was $660k.
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Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile:
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Email: geryl7772@gmail.com
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