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Hi,

1) In general when people buy a 1 bedder it is either meant for their own stay (needs) or rent it out for rental yield.
2) It is because of the low quantum and low maintenance fees and act as passive income.
3) You can estimate the rental yield to decide whether the investment is worth it.
4) For example if the rental yield is 3.5% per annum. It means that you can get back your ABSD (12%) in the next 3.5yrs.
5) If you wanted to add in the buyer stamp duty and capital invested. It means that you will get back your capital within 30 yrs.
6) So whether it is worth the investment is up to individuals to decide whether this is a worthy investment.
7) If you are able to keep it for 30 yrs, I strongly believe your chance of receiving appreciation is definitely very high. Especially in Singapore where land is scarce and the chance of receiving en-bloc is pretty good.
8) So it is important that the property chosen is at a prime location, though not necessarily prime in terms of island-wide but at least within that specific area.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi
In my honest opinion, if you do have the funds and rental income is not so much of a concern, you may want to consider to sell your current property and purchase a bigger one. A one bedder's demand pool is limited to mostly investors and price might not appreciate much compared to bigger units. My service for purchasing a private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More

Hi,

If you're feeling generous enough to contribute to nation building, and that the investment makes sense to you, you may proceed with your plans.

Do take note that if your current property is still under loan, your LTV would be 45% for your second property. This means that you will need to fork out 55% as downpayment. Add in the stamp duties (BSD & ABSD) of about 15%, you will need to have ready funds of up to 70% of the property price.

Alternatively, you may wish to consider selling off your current property and asset progress to a bigger unit. This way, you will be able to loan up to 75%, and avoid paying ABSD.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More