bests location for this purpose? bukit timah? or Orchard?
There are a few factors to consider when buying an property for investment.
1. Location - Ideally the project should be near an area which has a ready pool of tenants ie near business parks, international schools or CBD. The project should also be near MRT or major transport nodes in order to attract more tenants.
2. Rental Yield vs Price - You should also look at the rental yields that the unit can fetch you vs the price that you are paying. Projects in prime locations such as orchard areas may attract lower yields due to the relatively higher selling price. As such, projects in Rest of Central Region (RCR) may be a better bet as prices are lower which means yields are higher.
3. Age of Condo and Facilities - Tenants prefer a project with decent facilities and less than 15 years old.
4. Number of bedroom - It will depend on which type of tenants you are targeting. 1/2 BR will cater to Single, Couple and Young Family whereas 3/4BR is more suitable for a family.
Please feel free to contact me at 9644 4854 so that I can understand your needs better and provide you with further assistance.
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I have shared in another reply to your enquiry that you should consider locations where there is not going to be a huge incoming supply of units for tenants to consider to avoid having more competition moving forward.
In terms of configuration types, a 1 and 2 bedrooms are almost equally in demand based on my observations. More important considerations will be the budget of the tenants these days and we are seeing that the pool of expatriate tenants these days are working on a smaller housing allowance.
As data are relatively transparent these days, perhaps you should do more due diligence in data collection and analysis before making a decision.
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U can look at just completed development Robin Residences. Located just 3mins walk to Stevens MRT. There is currently no studio units there in condo status in the vicinity. Mostly are landed or small apartment status. For robin, studio is 409sqft at 1.02mil. Can fetch est $3000 bases on loft @ Stevens rented out from 2100 - 3000 for a apartment status. And Robin only have 10 such units. Available only 2 units now. No obligation. You can come and feel it for yourself. Call me at 96337533 Read More
Condo with 2 bedroom unit have lots of demand. Any condo at city fringe, walking distance to MRT station will be in advantage.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
email@example.com Read More