Property Views

[Cloud Cloud]

lee_yl:

pirate:

Leasehold worthwhile to invest? It is all a matter of price. Once you have to chase, it is usually not worthwhile to invest. Leasehold, freehold, stocks, tulips. All the same.

True.

I think making money from properties is all about entering the market at the correct time.

Next is location, location and location! Best is right next to any MRT (or perhaps, surrounded by good schools).

One must have the ability to hold until the next market upturn. Just collect rental in the meantime. In the long run, the property prices will more likely than not be higher than today’s pricing.

For me, if given a choice, I prefer FHs. FHs near MRT the best. I am no speculator and plan to hold for years.


.

Agree, enter the market at the right time.

Or have the holding power to hold till the next upturn.

[MyPillow]

With so many rules to curb bubbles , it is not easy to use property for short term

windfall compared to 10yrs ago. Property is for long term investment, withstand inflation, hedge your $ . For those with limited runway, i feel to look for a suitable
or good one (in your view) and invest - I bought Fh - buy one with condo facilities ,at least some,
with lifts, pool etc but no no to walk up apartment . Walk up units are way too old… to live
comfortably (imagine u are going to stay there for X yrs & no lifts in the development ! )
myview is Freehold is more or less "eternal" , or get a 99y in the prime district (city n city fringe)

[MMM]

Wanted to tap on this thread.


What is the usual price differential between pool facing and non-pool facing unit? All size and floor being the same.

One of my rental units has kitchen table top that looks run down now. How to refurbish without costing a bomb? Any suggestions/ experience? I am the DIY type and was keen to explore those kitchen top stickers that can be found online. But any other suggestions would be welcome.

[MrsKiasu]

I guess it depends on buyers/tenants or even the level of usage of swimming pool. If the swimming pool is always busy, I would rather be away from it if I m the peace quiet loving type of individual.


For the touch up, if me I will just call up any contractor, tell them the issue and get a quote…from the discussions with several contractors you may get some idea also even if you dont engage them at end of day.

[floppy]

MMM:

Wanted to tap on this thread.


What is the usual price differential between pool facing and non-pool facing unit? All size and floor being the same.

One of my rental units has kitchen table top that looks run down now. How to refurbish without costing a bomb? Any suggestions/ experience? I am the DIY type and was keen to explore those kitchen top stickers that can be found online. But any other suggestions would be welcome.

See https://www.edgeprop.sg/amp/property-news/are-you-paying-too-much-pool-view

And I would suggest that you get a contractor to redo the counter top. You can always use inexpensive material to manage the cost. If you DIY:
If it’s good, you save some money. If it’s not so good, you reduce the appeal and may end up spending more.

[MMM]

Sharing my personal view on property.


We know of someone who owns around 6-7 property and rents it out. I heard some are on deferred payment scheme. I wondered if that is a really a money making thing to do as following are my considerations :
- 10% or 15% now ABSD
- cash outfront for new purchases
- lower loan quatum for subsequent property (cash outlay again)
- raising interest rate on bank loans
- property tax
- low rental as it’s a still a tenant’s market
- condo maintenance fee

With all these, I doubt that the 3.5-4K "good" rental is enough to cover the cost involved. So I wondered what is the motivation to purchase so many property and how can one make money from rental??? It doesn’t make financial sense.

I had this conversation with him and he told me he is after capital gain. Which I agree if you enter the market at the right time, there is potential to make. But again, property is about location, location and location. For us, we will only go for freehold or 999 years. dh cannot bring himself to pay for 99 years.

[ngl2010]

We know of somebody that owns 15 properties. He was just a technician. Now he is full time managing his properties. He bought them when there was no ABSD, no TDSR, no SSD. Very savvy property investor.

[MMM]

floppy:

MMM:

Wanted to tap on this thread.


What is the usual price differential between pool facing and non-pool facing unit? All size and floor being the same.

One of my rental units has kitchen table top that looks run down now. How to refurbish without costing a bomb? Any suggestions/ experience? I am the DIY type and was keen to explore those kitchen top stickers that can be found online. But any other suggestions would be welcome.

See https://www.edgeprop.sg/amp/property-news/are-you-paying-too-much-pool-view

And I would suggest that you get a contractor to redo the counter top. You can always use inexpensive material to manage the cost. If you DIY:
If it’s good, you save some money. If it’s not so good, you reduce the appeal and may end up spending more.

Thanks for sharing. I was thinking of just changing the top but.... my trusted contractor don't suggest that, he said as the cabinet condition is so so (some part came in contact with water), he would propose changing. My sil staying in the same development recently spent around 10k to refresh her kitchen....hence I was thinking if there are any fixes.

[doodbug]

Are Ikea kitchens cheap?

[doodbug]

On property, there is a blogger called propertysoul - she made her gains all from leasehold property. Her blog is pretty interesting to read. I would say her stance is generally cautious and fairly conservative.


I would pick a leasehold in a CCR, over freehold in OCR. But between freehold and leasehold in OCR, I would pick freehold. (All these are generalizations - it really depends on the exact unit and location.) I do think the best potential for large enbloc capital gains are leasehold in CCR and the more prime parts of RCR. However, there aren’t that many of those sites already.

Buying for investment and for stay - the considerations are usually quite different. For investment units, it really depends on whether one is buying for yield or capital appreciation.