Does the current maintenance fee account for the rental income and how much value ($ or $psf) can I put on this since sophia hills ownership is indirectly owning (via MCST) this retail space?
To my best understanding, the current maintenance fee is still a best guess estimate based on the share value and after factoring in their estimated rental income from the 3rd party lessees. The lessees have not been confirmed and it will only be so closer to TOP (expected early next year). I would think the maintenance fees amount quoted won't be too far from actual. May I know which unit type you are looking at?
Its difficult to ascertain a "psf value" this way for these component and how it affects your purchased price as its after all benefitting the entire development and its owners. I have transacted at Sophia Hills and will be glad to share more on the attributes of this project and why its an awesome buy in district 9. Latest availability and star buys availability on request :)
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.
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I would not suggest you to add the retail rental as an extra value to your purchase price, rather, to use it as a way to off-set the burden for your future maintenance fee.
If you would like to know whether Sophia Hill is a good value property to invest in, we can analyze from other angels, feel free to call for further discussion.
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In my opinion, even though it's good to have rental income from the lease to support the sinking fund, you should not based your decision on this alone.
In terms of psf value, it is really subjective. The developer will probably have it in mind when they price the property for sale.
May I ask if you're buying this for your own stay? Or is it for investment purpose?
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