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.
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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
Silvia Yang (Silvia Yogisaputra)
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
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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.
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