Generally, the rental yield in for condominiums in Geylang is above 5% due to the affordably entry price when compared to other areas in Singapore.
When looking at rental yield, we are looking at the difference between the cost of purchasing the property (including monthly mortgage, maintenance fee, property tax etc) and the income you receive when renting out your property, Thus, if you are looking for good rental yield, the purchase price will have to be affordable with a rental that more than covers the cost. Some areas in Singapore which can command a good rental yield is in Geylang. A good rental yield in Singapore would be anything above 5%. You can calculate your rental yield by calculating your annual rent and divide it with your purchase price times 100.
You may check the transacted data for private properties and rental contracts here for your calculation: https://www.ura.gov.sg/realEstateIIWeb/transaction/search.action?utm_source=Public-PropertyMarketData&utm_medium=website&utm_campaign=Home-quicklinks&utm_content=Home-quicklinks
Hope this answers your question.
Team PropertyGuru Read More
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Not all properties provide the same potential despite being within the same estate, therefore in broad general considerations, we need to dig further into the numbers before knowing if they are worthy investments or not.
In general, Geylang is still a much taboo location for many home owners and buyers given the reputation that it is an area where vice and secret society activities are common, and should you be looking to rent out the apartment for rental returns, the profiles of tenants can also be questionable.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
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I will be glad to assist, no agent fee from private property buyer
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
It depends on your objective.
You may text 9620 0827 for a casual chat.
Gavin Read More
I am sure every location will have their own set of supporters. Is it because that you think the price there will be lower due to the location that you are considering to invest there? We will need to discuss further as to see which condo in those area will be suitable.
However, it will be good if you are open to other areas too which will definitely be a good investment as well.
92707548 Read More
I think it is very much dependent on the development too. Whether you can see a potential in it.
I am experienced and well-versed in private transactions. I will be able to assist you in your property plans.
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.
PropNex Realty Read More
It may not be the best investment option because some of the property prices in Geylang have been stagnant for quite a number of years already.
For investment, it is important to determine the potential for capital appreciation before committing. I have used a comprehensive framework to help my clients identify good developments and just recently one of my client is sitting on a good profit after purchasing the property for 3 years.
Please feel free to contact me so that I can understand your objectives better and assist you further.
(M) +65 9644 4854
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
I have written a guide on buying Residential Property:
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Mark, your RIGHT choice
Propnex Read More
Besdies location, the development age and features you plays a part whether it's a freehold or leasehold property. A common consideration is the estimated rental yield and estimated capital appreciation rate which can be estimated from past data of the particular development and other neighbouring developemnts. Do contact me at 93375051 for a free and non obligatory discussions on this.
ERA Realty Network Pte Ltd Read More