Property Views
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Estéema:
At the end of the day, it depends on whether that’s a deal breaker. If you are desperate for tenant, and that’s the tenant’s requirement, my suggestion is just offer lah.
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Some forumers here disagreed as they argued tt internet access is a given in this age of technology. I'm old sch I guess, I don't provide it.
On the other hand, if you are not short of prospective tenants, just plant your foot in the ground and refuse to offer an inch. -
floppy:
Agree.
At the end of the day, it depends on whether that’s a deal breaker. If you are desperate for tenant, and that’s the tenant’s requirement, my suggestion is just offer lah.Estéema:
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Some forumers here disagreed as they argued tt internet access is a given in this age of technology. I'm old sch I guess, I don't provide it.
On the other hand, if you are not short of prospective tenants, just plant your foot in the ground and refuse to offer an inch.
If my place is delipilated, I don't mind if end of contract my air-con filthyvthick with dusts & mold, facets all dripping, sofa or mattresses soaked in coffee/tea or urine stains ....
Depends on what I chose as losses. -
Seek some kind advice.
If rental property is not near any working MRT, not fetching a good yield, hard to even get tenants (neighbour’s nicely furnished unit went empty for 10 months), plus high monthly maintenance fees… would you keep it or sell to buy a unit in a better CCR location?
Selling it now will breakeven at most after subtracting agent commission, legal fees and SSD paid when purchased.
Buying another one will incur new SSD fees even if we take away the ABSD fr the equation. Is it worth it in the long run? -
cherrygal:
I will sell it since being able to breakeven and keep the cash for retirement.Seek some kind advice.
If rental property is not near any working MRT, not fetching a good yield, hard to even get tenants (neighbour's nicely furnished unit went empty for 10 months), plus high monthly maintenance fees... would you keep it or sell to buy a unit in a better CCR location?
Selling it now will breakeven at most after subtracting agent commission, legal fees and SSD paid when purchased.
Buying another one will incur new SSD fees even if we take away the ABSD fr the equation. Is it worth it in the long run? -
starlight
You won’t buy another replacement unit to get rental? -
Sell. Property with amenities, near popular sch, MRT, will be higher value for its convenience since over-supply IMO.
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Sell. Property with amenities, near popular sch, MRT, will be higher value for its convenience since over-supply IMO.
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Estéema:
Sell. Property with amenities, near popular sch, MRT, will be higher value for its convenience since over-supply IMO.
The full MRT line oni opening in another few years... funny thing is, units can sell quite fast but super hard to rent out. Not many units selling...
If I wait for MRT to start... unit might be vacant many years... unless really rent out super cheap. -
cherrygal:
I have a short runway.starlight
You won't buy another replacement unit to get rental?
I see flats and condos almost everywhere in Spore and I always wonder if they are occupied/rented.
Getting rental income is with a price to pay. -
cherrygal:
I'm with starlight1968sg and Estéema. Sell.Estéema:
Sell. Property with amenities, near popular sch, MRT, will be higher value for its convenience since over-supply IMO.
The full MRT line oni opening in another few years... funny thing is, units can sell quite fast but super hard to rent out. Not many units selling...
If I wait for MRT to start... unit might be vacant many years... unless really rent out super cheap.
You have listed all the reasons why selling makes better sense, especially if you are not losing (or better, make some capital gains):
1. Not near any working MRT;
2. Not fetching a good yield;
3. Hard to even get tenants;
4. High monthly maintenance fees.
I wouldn't wait for the MRT to start and hope that it will translate into a good yield because you can't accurately predict how the market will go.
Also, \"better CCR location\" may not really be that important IMHO. With URA / Singapore adopting a region-centric approach, some RCR / OCR rental yields, as well as demand, may even be higher than some CCR properties.
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