Anyone looking at Landed?

[rlskyline]

huat to all here for 2026.

first landed.. significantly downsized own-stay condo and combined with spare funds to fund the entry level IT. very new to all of this

oh ok. but buying landed to rent out is very bad yield. it's a long term game for landed

 

[limck]

Just exercised option for a 999 property in serangoon gardens, any experts here know if it's easy to rent out? How is gardens landed market generally over the years?

Buy landed usually for home stay. Renting out usually cannot cover mortgage at all. Not to mention your property tax will be higher since not under owner occupied rates.
anyway whether hard to rent out or not depends on how picky you are and what’s your long term plans. Don’t expect tenants to take very good care of your house.
My “new” neighbor bought the house next to mine for future retirement and cos she’s very picky on the tenant profile, etc, house had been left empty for more than 1 year and recently finally found a tenant to her liking.

 

[petetherock]

Exactly, you can get cap appreciation, but for rentals, a condo is much better to rent out..
You will see the psf continue to climb in most areas as the markets warm up again

 

[petetherock]

BTW I understand there are 7kw portable chargers which do not require inspections every two years?
How much and how long does the inspection anyway?

 

[rlskyline]

Buy landed usually for home stay. Renting out usually cannot cover mortgage at all. Not to mention your property tax will be higher since not under owner occupied rates.
anyway whether hard to rent out or not depends on how picky you are and what’s your long term plans. Don’t expect tenants to take very good care of your house.
My “new” neighbor bought the house next to mine for future retirement and cos she’s very picky on the tenant profile, etc, house had been left empty for more than 1 year and recently finally found a tenant to her liking.

is your neighbor house new or very good condition?

 

[rlskyline]

huat to all here for 2026.

first landed.. significantly downsized own-stay condo and combined with spare funds to fund the entry level IT. very new to all of this

can ask why did u make such a big sacrifice?

 

[mikeeeey]

Just exercised option for a 999 property in serangoon gardens, any experts here know if it's easy to rent out? How is gardens landed market generally over the years?

Welcome to D19!!!

crown jewel of D19 some more…

 

[mikeeeey]

huat to all here for 2026.

first landed.. significantly downsized own-stay condo and combined with spare funds to fund the entry level IT. very new to all of this

Curious, if sell own stay condo to buy this landed, why your first thought is to rent out?

Got another place to stay?

 

[limck]

BTW I understand there are 7kw portable chargers which do not require inspections every two years?
How much and how long does the inspection anyway?

wrong. same regulations with regards to installation and inspection applies.

inspection should take 30 mins to 1 hour depending on the type of equipment and how the installation is done. There is a standard list of items which need to be checked and the EVSE specialist will need to go through the entire checklist during the inspection. After completion and if passed, a copy of the signed off checklist will be provided to owner to be kept for records for at least 2 years which is until the next inspection.

 

[limck]

is your neighbor house new or very good condition?

old house built for more than 50 years already. But previous owner(s) had done renovation work inside so it's quite up to date internally.

 

[limck]

Curious, if sell own stay condo to buy this landed, why your first thought is to rent out?

Got another place to stay?

likely he sold his condo and used the proceeds to buy another smaller condo in wife name and landed house in his own name. I'm assuming poster is a him.

 

[mikeeeey]

Buy landed usually for home stay. Renting out usually cannot cover mortgage at all. Not to mention your property tax will be higher since not under owner occupied rates.
anyway whether hard to rent out or not depends on how picky you are and what’s your long term plans. Don’t expect tenants to take very good care of your house.
My “new” neighbor bought the house next to mine for future retirement and cos she’s very picky on the tenant profile, etc, house had been left empty for more than 1 year and recently finally found a tenant to her liking.

Im wondering,

if someone bought a landed and let their company’s foreign workers stay inside, is it considered own stay or rental?

Cos its quite smart for them, instead of finding place like dormitories for the FW to stay, they sit on capital appreciation and let 8-12 of them stay inside the house, “saving” thousands of rental expenses, enough to cover mortgage. Those original state landed, single storey

 

[limck]

Im wondering,

if someone bought a landed and let their company’s foreign workers stay inside, is it considered own stay or rental?

Cos its quite smart for them, instead of finding place like dormitories for the FW to stay, they sit on capital appreciation and let 8-12 of them stay inside the house, “saving” thousands of rental expenses, enough to cover mortgage. Those original state landed, single storey

as long as owner is not staying in the house, cannot qualify as owner-occupied unless the owner is staying with his/her workers.

URA's regulation is for only up to 8 non-related occupants (aka tenants) inside any property. assuming market rate for dormitory rooms is at $600 per pax, this will cost the company $4.8K a month to house the workers in a dormitory.
assuming an old landed house bought for 3.6M at max 75% loan of 2.7M, the monthly mortgage repayments for will be $9.3K already. so renting out at $4.8K for workers stay will hardly cover the mortgage at all.

 

[mikeeeey]

as long as owner is not staying in the house, cannot qualify as owner-occupied unless the owner is staying with his/her workers.

URA's regulation is for only up to 8 non-related occupants (aka tenants) inside any property. assuming market rate for dormitory rooms is at $600 per pax, this will cost the company $4.8K a month to house the workers in a dormitory.
assuming an old landed house bought for 3.6M at max 75% loan of 2.7M, the monthly mortgage repayments for will be $9.3K already. so renting out at $4.8K for workers stay will hardly cover the mortgage at all.

Thanks for the detailed breakdown.

been seeing alot such cases whereby old houses are listed on the market, very fast sold and comes in FW to stay with 0 renovation works

 

[limck]

Thanks for the detailed breakdown.

been seeing alot such cases whereby old houses are listed on the market, very fast sold and comes in FW to stay with 0 renovation works

I guess it depends on who are the buyers. Some contractors also become developers themselves so they need a place to house their workers.

Also if the house is going to be redeveloped eventually, it will take months for approvals to come in. So rather than leaving the house empty during this waiting period, renting it out may be a short term option since URA does allow for short term rentals of minimum 3 months

 

[jjlin1972]

Buy landed usually for home stay. Renting out usually cannot cover mortgage at all. Not to mention your property tax will be higher since not under owner occupied rates.
anyway whether hard to rent out or not depends on how picky you are and what’s your long term plans. Don’t expect tenants to take very good care of your house.
My “new” neighbor bought the house next to mine for future retirement and cos she’s very picky on the tenant profile, etc, house had been left empty for more than 1 year and recently finally found a tenant to her liking.

Thanks to all bros who commented.. yup fully aware and went in eyes wide open this is negative cashflow for me. I had high conviction landed will continue to pull away in terms of cap appreciation, so was thinking while I can still leverage to try and make a push to get in, before the price pulls away from my earning and borrowing power permanently. It was a long-time dream, so many years of luck to get here.

I'm new to this thread, but have been lurking for years already. I read through every single of the 100 pages here before, most helpful were the comments on what you guys actually look for (no t junction, no west sun etc.) which can be quite different from condos

 

[jjlin1972]

Welcome to D19!!!

crown jewel of D19 some more…

Pure investment, had to pick a place with high volume and demand so that I can exit in case I need to (or can't afford to hold on anymore)

 

[lao3hero]

Thanks to all bros who commented.. yup fully aware and went in eyes wide open this is negative cashflow for me. I had high conviction landed will continue to pull away in terms of cap appreciation, so was thinking while I can still leverage to try and make a push to get in, before the price pulls away from my earning and borrowing power permanently. It was a long-time dream, so many years of luck to get here.

I'm new to this thread, but have been lurking for years already. I read through every single of the 100 pages here before, most helpful were the comments on what you guys actually look for (no t junction, no west sun etc.) which can be quite different from condos

Yes I would do the same as u ie. to kope one now b4 it goes out of reach. Kope 1st think later. 船到桥头自然直， but must secure the 桥头 1st

Good luck bro

 

[jjlin1972]

likely he sold his condo and used the proceeds to buy another smaller condo in wife name and landed house in his own name. I'm assuming poster is a him.

Ya correct, smaller condo as we have no kids. No 2 ways of putting this across, it's a big investment and I am still quite nervous about what's to come. We did the sums with our agent and while it should be comfortable on paper, it's still big numbers we are talking about here at the end of the day

 

[jjlin1972]

Curious, if sell own stay condo to buy this landed, why your first thought is to rent out?

Got another place to stay?

Rent out because want to bank on the cap appreciation. Don't need such a big place for ourself. If don't rent, ownself stay and ownself tank mortgage, unlikely we feel comfortable with the numbers...