Will it be hard to sell given the Mgt fee is $870 per mth. Is this property Good for investment value ?
Asked by Anonymous
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5 Answers
askguru expert
Hi there, thanks for writing to us on AskGuru.
According to our data, The Lincoln Modern enjoyed a capital appreciation of 2.89% annualised over 8 years while the rental yield is 3.13%.
You may refer to our data here: https://www.propertyguru.com.sg/project/the-lincoln-modern-402#recent-transaction-prices-and-insights
Hope this answers your question.
Best Regards,
Team PropertyGuru
According to our data, The Lincoln Modern enjoyed a capital appreciation of 2.89% annualised over 8 years while the rental yield is 3.13%.
You may refer to our data here: https://www.propertyguru.com.sg/project/the-lincoln-modern-402#recent-transaction-prices-and-insights
Hope this answers your question.
Best Regards,
Team PropertyGuru
Hi,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it is really up to an individual buyer. To some, it is a good investment due to its district 11. To some, the high management fee may be a turn off as they might be buying it for stay.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, it is really up to an individual buyer. To some, it is a good investment due to its district 11. To some, the high management fee may be a turn off as they might be buying it for stay.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg
Hi It would depend on a number of factors. Do contact me at 97970200 to discuss more
Mark, your RIGHT choice
Propnex
Mark, your RIGHT choice
Propnex
Hi Sir/Madam
Other than mgt fee, selling price will be depend on level, facing, condition of unit, etc
I just sold a unit around the area with similar maintenace fee and will be gald to share with you more
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
Thank you.
Warmest regards,
Silvia Yang (Silvia Yogisaputra)
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
Other than mgt fee, selling price will be depend on level, facing, condition of unit, etc
I just sold a unit around the area with similar maintenace fee and will be gald to share with you more
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
Thank you.
Warmest regards,
Silvia Yang (Silvia Yogisaputra)
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
Hi,
The reason why the management fee is so high is because Lincoln Modern is a boutique development with only 56 units.
The cost of maintenance the development is being shared across only 56 owners.
In terms of rental yield, it is approximately 2.5% (gross), before factoring in the maintenance fee. If you factor in the $870 maintenance fee, your nett rental yield may even fall below 2%.
Hence, I would say that this property may not be the best investment choice, especially now that we have so many options in the market to consider. Having said that, it may be suited for your own stay if you like this development and it fits your family's needs.
I am experienced and well-versed in 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
The reason why the management fee is so high is because Lincoln Modern is a boutique development with only 56 units.
The cost of maintenance the development is being shared across only 56 owners.
In terms of rental yield, it is approximately 2.5% (gross), before factoring in the maintenance fee. If you factor in the $870 maintenance fee, your nett rental yield may even fall below 2%.
Hence, I would say that this property may not be the best investment choice, especially now that we have so many options in the market to consider. Having said that, it may be suited for your own stay if you like this development and it fits your family's needs.
I am experienced and well-versed in 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