Hi TBM,
Joel has pointed out to something which is very relevant for your consideration.
I am not sure what is the landed housing type you are holding on but I am assuming that is is at least of $5m quantum range to be able to divest your sales returns into 3 properties.
I wish to, however, reiterate that by having a landed property in land scarce Singapore, you are currently sitting on a pot of gold, therefore I am unsure why are you looking at selling the scarce land (in my opinion will definitely appreciate over time) in exchange of air space in Singapore, unless the immediate rental returns are important to your cashflow.
If I am able to know more about what you have on hand to sell and relook into the investment, perhaps I am able to give you more sound opinions? Otherwise, if you are purely looking at rental returns, it will be good to look at apartments which have just TOPed such that it can be rented out immediately at a better premium due to it being brand new.
Regards,
Geryl LIM
Real Estate Consultant/District Manager
ECG Property Pte Ltd/ECG Landed Dynamic Alliance (Home of *7772 Hotline)
CEA Reg R014783H
Mobile:
+65-92787772
/+65-81577565
Email: lim.geryl@yahoo.com.sg
www.DAG.com.sg
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