Property Views
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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.
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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. -
Thanks all. Maybe I’ll test the market for 3 months, put up for both rental and sale…
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cherrygal:
The problem that I always had with this argument (even though I used it when marketing or selling the property :evil: ) is that MRT lines are going to be nearly everywhere in future!
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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...
The government plan is to have 80% of households in Singapore within a 10-minute walk to any station by 2030. When some of the new lines start operating from 2020, I won't be surprised that a property next to the MRT station may not 'wow' a buyer that much and command the same premium that it is doing today. Also, being next to a MRT station may not necessarily overcome other negatives regarding the estate, if any. -
to me, breakeven is very impt. am sure there are cases who cant breakeven.
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starlight1968sg:
to me, breakeven is very impt. am sure there are cases who cant breakeven.
*ahem*
Sentosa Cove :rotflmao:
Here is an https://www.straitstimes.com/business/more-private-property-owners-selling-at-loss-as-resale-rental-markets-weaken that talks about selling at loss. -
floppy:
The problem that I always had with this argument (even though I used it when marketing or selling the property :evil: ) is that MRT lines are going to be nearly everywhere in future!cherrygal:
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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...
The government plan is to have 80% of households in Singapore within a 10-minute walk to any station by 2030. When some of the new lines start operating from 2020, I won't be surprised that a property next to the MRT station may not 'wow' a buyer that much and command the same premium that it is doing today. Also, being next to a MRT station may not necessarily overcome other negatives regarding the estate, if any.
My hdb flat will be a 3 min walk to an upcoming mrt station (only in 2026). I am not very excited because it is the Jurong regional line. Really dislike the red and green line. Slow and always breakdown. If I can turn back the clock, would have bought a unit in Bukit Panjang.
Currently I am renting out the hdb unit. Told hubby we will cash out our condo and move back to the hdb for retirement. I can’t sell the hdb coz the price really sucks. On the other hand, rental yield is great.
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