Property Views
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xueyan:
Hi
Need advise on this. I just write to Maybank for refinancing. They charged me $800 for admin fee. I don't remember paying admin fee for refinancing.
Can anybody advise?
Thanks!
It is normal for re-pricing, that is, change of rates, plans with the same bank.
Used to be lower amount previously, inflation as they say.
For refinancing, it is also common and also lower amount (inflation).
Nowaday, many freebies are not given, depending on the mortgage amount.
Larger mortgage amount, more freebie, lower mortgage amount, less freebie.
So items included that may or may not be there are legal fees, valuation fee etc.
Check with the mortgage agents, or banks that you are considering. -
There is a tool now to track the property value (sale value, rental value), rental yield of your property.
Check it out: http://bit.ly/PropertyTracker
http://bit.ly/PropertyTracker
http://bit.ly/PropertyTracker
http://bit.ly/PropertyTracker
http://bit.ly/PropertyTracker -
The srx tracker is not meaningful as ppty next to each other could vary greatly in terms of age/quality and built up area.
Could be useful only for condo or HDB apartments
Even for rent, ppty next door could diff by 50% due to quality, furnishing and facilities esp landed - even with similar built in areas
Some terrace could fetch up to 50% higher than a detached house nearby -
Did anybody see the ad of Hillview Peak on the tv?
Thought it was launched quite some time ago and now still selling? -
we went to see a couple of freehold 2br last wkend. With unit selling at 1.2mil, 18yrs old development. so reno is kind of a must, at least the basic. with rental ard the area at ~$2.7k. maintenance fee at S$340 per month. For sure, rental will not be able to cover the monthly repayment to bank. in addition, owner will have to pay for high property tax, and rental income is taxable too!
could this still be considered as a good investment? hold long term wait for capital gain? but for a 18yr old development, how much capital gain will it be possible? -
mummychua:
I am not sure if 3% return is too much to ask for, nowadays? Before deducting the maintenance fee, the return is already less than 3%. And the maintenance is ex..may I know where is it located if you don't mind.we went to see a couple of freehold 2br last wkend. With unit selling at 1.2mil, 18yrs old development. so reno is kind of a must, at least the basic. with rental ard the area at ~$2.7k. maintenance fee at S$340 per month. For sure, rental will not be able to cover the monthly repayment to bank. in addition, owner will have to pay for high property tax, and rental income is taxable too!
could this still be considered as a good investment? hold long term wait for capital gain? but for a 18yr old development, how much capital gain will it be possible?
Yes, not forgetting the agent fee and also the addition cost to 'beautify' the unit after every tenancies...you won't have much left after that. -
MrsKiasu:
its along upper bukit timah. i was quite surprise with the maintenance fee, my old condo have similar profile but maintenance is just $180 per month. a freehold condo has higher maintenance cost or they have more in the sinking fund?
I am not sure if 3% return is too much to ask for, nowadays? Before deducting the maintenance fee, the return is already less than 3%. And the maintenance is ex..may I know where is it located if you don't mind.mummychua:
we went to see a couple of freehold 2br last wkend. With unit selling at 1.2mil, 18yrs old development. so reno is kind of a must, at least the basic. with rental ard the area at ~$2.7k. maintenance fee at S$340 per month. For sure, rental will not be able to cover the monthly repayment to bank. in addition, owner will have to pay for high property tax, and rental income is taxable too!
could this still be considered as a good investment? hold long term wait for capital gain? but for a 18yr old development, how much capital gain will it be possible?
Yes, not forgetting the agent fee and also the addition cost to 'beautify' the unit after every tenancies...you won't have much left after that.
3% return in rental will not be possible in this case. but will there be possibility for capital gain?
anyone has a crystal ball to forecast property market?
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starlight1968sg:
Did anybody see the ad of Hillview Peak on the tv?
Thought it was launched quite some time ago and now still selling?
Sales no good, so re-advertise. If you look closely, especially the higher floors, there are some kind of louvers to block your view. Reason given by the housing agent is because the project is near the Mindef, military areas. -
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http://www.straitstimes.com/singapore/h ... residences
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