Property Views
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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. -
cherrygal:
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.
Keeping the unit with hope & waiting till MRT comes up is really 守株待兔. Other factors may come into your path in the years u waited.
Also, an empty unit still requires maintenance & u're paying fees to upkeep. -
Do you have any issue with the mortgage payment? If no, I will keep.
What will you do with sales proceeds? If no better investments, I will keep.
Buy another property will incur absd.
Rent out cheap. -
You are right (Esteema & Floppy). If keep unit vacant or cheaply rented out, it would be for the hope of better capital appreciation once new mrt line opens. That is only a hope… Cannot predict…
So I sell… then buy replacement unit or keep cash? Condos aplenty as starlight pointed out. -
Cloud Cloud:
That was my initial thoughts too... rent out dirt cheap... but sianDo you have any issue with the mortgage payment? If no, I will keep.
What will you do with sales proceeds? If no better investments, I will keep.
Buy another property will incur absd.
Rent out cheap. -
cherrygal:
I think it's a highly personal decision.
...
So I sell... then buy replacement unit or keep cash? Condos aplenty as starlight pointed out.
You can always look to buy a replacement unit but you have to consider how the new cooling measures: higher ABSD and tighter loan limits, introduced in July 2018 affects you. Also, are you looking for capital appreciation or rental returns? The answer will probably lead you to different considerations and conclusion.
P/S: If you have no use for the cash, or can't think of any other way of spending it, you are always welcome to donate it to me :evil:
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OT: bad bad floppy
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cherrygal:
If you sell now, you only breakeven. To me, that is more sian. Unless you have issue with the mortgage payment or you have better investment opportunity.
That was my initial thoughts too... rent out dirt cheap... but sianCloud Cloud:
Do you have any issue with the mortgage payment? If no, I will keep.
What will you do with sales proceeds? If no better investments, I will keep.
Buy another property will incur absd.
Rent out cheap.
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