The kind of ppl who R not Singaporean or the kind of ppl who can afford to buy the same apt (but think it's not a safe investment) or some corporation/MNC who needs to cater accomodation to expats employees.newcomer2005 wrote:what i want to know is, in singapore, how many /what kind of people are willing to sepend 3800+ S$ for a monthly rental, in exchange of living in a primary area with pool , a 2 bed room condo about 920 sq.ft (with a balcany) ? other than expats, will the local singaporeans pay this rental ? the condo may cost 780k+ if one wants to buy it.
newcomer2005 wrote:thanks for everyone's input.
the intention of buying this 730k+ 930sq.ft in district 9 is for investment, the price is cheaper because of the 99-yr lease. but the draw back is the price may not go up at all (the 99-year lease started in 2002, still have penty of time in a sense, but not sure how others view this 99-yr lease). The projected rental is 3800/monthly (as i was told). but i'm a bit suspicious on the rental income. don't think it's easy to get 3800 per month. Unless many young (couples) people want to live near by the center in a condo and willing to pay 3800+ for monthly rental. but all the singaporens i know are not willing to throw away anything more than 2500 /month on the rental. Don't know if anyone here has had the similar experience (for real estate investment in singapore).
How does one compute the MCST charge and property tax? When property is advertised for sale at a certain price, how can one figure out what monthly common property maitenance charge and what property tax will be assessed?yoongf wrote:Realistically, I believe .. 4% is really gross rental income.
Factor in MCST charges (common property maintenance), as well as property tax, the yield is more like 0-1% these days.
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