Property Views
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Happened to walk pass the Woodleigh Residences showflat just now. Kind of crowded.
Read from papers that their soft launch is from $1,873psf for the 99yr project. Wa, expensive leh.
This type of integrated development should have no problem getting tenants !! -
lee_yl:
May have no problem getting tenants, but at $1,800 psf, it won't be a fantastic yield or even make money from rental.Happened to walk pass the Woodleigh Residences showflat just now. Kind of crowded.
Read from papers that their soft launch is from $1,873psf for the 99yr project. Wa, expensive leh.
This type of integrated development should have no problem getting tenants !!
If I die-die want that area to buy for rent, I would rather look at Blossoms @ Woodleigh or 8 @ Woodleigh with their sub- $1,400 psf or $1,500 psf. -
floppy:
floppy,
May have no problem getting tenants, but at $1,800 psf, it won't be a fantastic yield or even make money from rental.lee_yl:
Happened to walk pass the Woodleigh Residences showflat just now. Kind of crowded.
Read from papers that their soft launch is from $1,873psf for the 99yr project. Wa, expensive leh.
This type of integrated development should have no problem getting tenants !!
If I die-die want that area to buy for rent, I would rather look at Blossoms @ Woodleigh or 8 @ Woodleigh with their sub- $1,400 psf or $1,500 psf.
What is a good area for investment & good yield? -
Estéema:
I am assuming that by 'investment' and 'yield', you are looking at capital appreciation. TBH, there isn't a straightforward answer to your question.
floppy,
What is a good area for investment & good yield?
Firstly, there is no such thing as a good area.
Secondly, there is no such thing as a bad area.
Ultimately, it's about the 'price' that you bought into.
If you bought it 'cheaply' in a 'bad' area (psst... Geylang), you stand to gain when urban renewal takes place. On the other hand, if you bought it 'expensive' in a 'good' area, there may not be a lot of upside to it.
IIRC, a number of mid-range, sub-urban private properties prices have been slowly creeping upwards, despite cooling measures, rumours of market downturn etc. It may not be glitzy Bukit Timah or Newton, but I supposed it would be easier to sell in the near future if it's about investing and making a gain. Could be a worth a look if looking to buy (at a reasonable price) now and sell within the next 2 or 3 years. -
floppy:
So u reckon buy Central now & sell next few years? The rental mkt has gone fine a lot & I get the feel a lot of younger owners cannot hold trying to sell. Maybe others trying to cash out now coz \"rumours of market downturn\"?
I am assuming that by 'investment' and 'yield', you are looking at capital appreciation. TBH, there isn't a straightforward answer to your question.Estéema:
floppy,
What is a good area for investment & good yield?
Firstly, there is no such thing as a good area.
Secondly, there is no such thing as a bad area.
Ultimately, it's about the 'price' that you bought into.
If you bought it 'cheaply' in a 'bad' area (psst... Geylang), you stand to gain when urban renewal takes place. On the other hand, if you bought it 'expensive' in a 'good' area, there may not be a lot of upside to it.
IIRC, a number of mid-range, sub-urban private properties prices have been slowly creeping upwards, despite cooling measures, rumours of market downturn etc. It may not be glitzy Bukit Timah or Newton, but I supposed it would be easier to sell in the near future if it's about investing and making a gain. Could be a worth a look if looking to buy (at a reasonable price) now and sell within the next 2 or 3 years. -
Estéema:
Not sure how accurate the “rumors on market downturn” are but the latest statistics showed that private property prices rose another 0.5% in the 3rd quarter, after a 3.4% rose in Q2.
So u reckon buy Central now & sell next few years? The rental mkt has gone fine a lot & I get the feel a lot of younger owners cannot hold trying to sell. Maybe others trying to cash out now coz \"rumours of market downturn\"?
Even with the cooling measures, the market seems to have stabilized and there is still healthy buying demand. -
floppy:
$1,800psf for 99yr condo is very expensive. My FH investment unit in Novena also doesn’t cost $1,800psf. Think there is a new condo launching soon in West Coast and the indicative price is $1,380psf, also not cheap.
May have no problem getting tenants, but at $1,800 psf, it won't be a fantastic yield or even make money from rental.lee_yl:
Happened to walk pass the Woodleigh Residences showflat just now. Kind of crowded.
Read from papers that their soft launch is from $1,873psf for the 99yr project. Wa, expensive leh.
This type of integrated development should have no problem getting tenants !!
If I die-die want that area to buy for rent, I would rather look at Blossoms @ Woodleigh or 8 @ Woodleigh with their sub- $1,400 psf or $1,500 psf.
Although the price for Woodleigh Residences is steep, I think this project will sell like hot cakes because people like these type of Integrated Development projects, that is, staying right above huge shopping mall, MRT & bus interchange, all-in-one. There are people who is willing to pay for the convenience.
That day we drove pass one at Yishun North Point? The whole integrated development project looks grand! -
YL
I don’t really like integrated development project.
I think the Yishun North Point may be ready for key collection soon. -
lee_yl:
May not be expensive to some but definitely beyond my reachHappened to walk pass the Woodleigh Residences showflat just now. Kind of crowded.
Read from papers that their soft launch is from $1,873psf for the 99yr project. Wa, expensive leh.
This type of integrated development should have no problem getting tenants !!
-
starlight1968sg:
I have heard feedback like noisy and dusty. But I suppose these units are easy to rent out!! Plus retirees also like.YL
I don't really like integrated development project.
I think the Yishun North Point may be ready for key collection soon.
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