Property Views
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In mid 40s war just ended, people picking up the pieces and rich people could circle any land they want (more or less)
Mid 50s - self governance, things still cheap
Mid 60s - divorce from M’sia
Mid 70s - oil crisis
Mid 80s - the Great Recession and salary shock to the sg economy
Mid 90s - the great bull market
1998 Asian financial crisis
2000 the dot com bust
2001 9/11
2003 SARS
2008 Lehman brothers and global credit freeze
2009 Greek financial crisis
2015 SG50, condo glut, LKY died
Plot your buying opportunity. -
Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
Ikid:
Any recent transactions? If not enbloc then what will happen? Stay there forever?Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
TheAnswer:
Lelong lo
Any recent transactions? If not enbloc then what will happen? Stay there forever?Ikid:
Property Name:\tLakeside Apartments
TOP in 1970
Listed Price (psf):\tS$ 639.00 psf (built-up)
Left with 54 years, wonder if enbloc will take place. -
MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll: -
lee_yl:
Won't buy this type.MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll: -
lee_yl:
Better place like this and also some Bt Timah condos, return rate not so attractive coz the price is high. Maybe those shoebox near the circle line interchange will give better return but location wise not so good.MrsKiasu:
Lee_yl, where exactly is this? Got balcony or any 'wasted' space?
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll: -
TheAnswer:
That means not worth to invest in property now?
If the rental yield after deducting all the taxes and expenses gives you a return of 2-3%, then maybe more attractive to ring your RM for the corporate bonds (5-6%)?
PS: capital gain, not sure at this moment. -
lee_yl:
He is arranging stuff for us... Already decided on corporate bonds.. Just waiting for opportunities..TheAnswer:
That means not worth to invest in property now?
If the rental yield after deducting all the taxes and expenses gives you a return of 2-3%, then maybe more attractive to ring your RM for the corporate bonds (5-6%)?
PS: capital gain, not sure at this moment. -
MrsKiasu:
I find those who bought shoebox units earlier had better rental yield than those who bought today. For those shoebox units you mentioned, they have better rental yield than bigger units but with a smaller capital outlay, thus a more popular investment.
Better place like this and also some Bt Timah condos, return rate not so attractive coz the price is high. Maybe those shoebox near the circle line interchange will give better return but location wise not so good.lee_yl:
Brand new, FH, Novena.
Yes, got a small balcony. Not sure if there's any wasted space. URA caveat showed $1.138mil last done (495sqft shoebox) bought direct from developer.
The lowest rental asking right now is at $2.8K nego. Not enough to cover mortgage! Capital gain? Hmmm... :roll:
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