Forett

[Polar Bear King]

No need to argue, we can place our bets and open this thread again when project TOP

I will still bet on early investors losing money, lol

WW3 starts 2023/2024 may delay TOP til don't know when leh

 

[NiShiZhu]

No need to argue, we can place our bets and open this thread again when project TOP

I will still bet on early investors losing money, lol

Same here. I share the same view. We can place the bet together and come back after TOP.
Simply because the entry price in D21 is too high and judging From past depressed transaction records.

 

[xirodspace]

U dare to say investment merely just only looking at gain and totally ignore rental?
Omg! Facepalm.

Not to pour cold water, even cap gain for D21 at near 2kpsf entry price would also have a major problem.

Yes. If I buy will be for ownstay+capital appreciation, not to rent.
Not to pour hot water but I was talking about those who entered Daintree at 15xx/16xx

 

[NiShiZhu]

Hi,

Rental yield will impact capital appreciation of investor units. No one will buy over the unit from u if it has a yield of 1.5% based on the selling price

Not sure how u purchase your units, but I certainly factor in area rental

Exactly, if rental yield too Low, how to expect decent profit gain.
Which investors will buy from existing owners if there’s poor rentability or Low rental yield.
I thought this is common sense? Lol.

 

[Forever84]

Exactly, if rental yield too Low, how to expect decent profit gain.
Which investors will buy from existing owners if there’s poor rentability or Low rental yield.
I thought this is common sense? Lol.

I think he being quite idealistic

Even if buy for "own stay+capital appreciation", the project psf and valuation will be impacted by the investors units which I'm sure will still make up about 20-30% of unit mix.

If people think that price of own stay units don't move in line with investor units, then I think they r out of line with reality as would the bank money higher than transacted psf for own stay unit?

 

[NiShiZhu]

Yes. If I buy will be for ownstay+capital appreciation, not to rent.
Not to pour hot water but I was talking about those who entered Daintree at 15xx/16xx

Hehe nvm la, since bought already no need so Gan jiong. If u see value in it, good for u.
I also hope forett or Daintree can sell high in future since it benefits me also.
But for 40-50% drop like one smart Alec had forecast, it’s purely nonsense.

Cheers

 

[xirodspace]

Hi,

Rental yield will impact capital appreciation of investor units. No one will buy over the unit from u if it has a yield of 1.5% based on the selling price

Not sure how u purchase your units, but I certainly factor in area rental

If u LL want to rent instead of staying, go for Daintree? Assuming 2-bedder at 2.7k rent vs 1.16mn gives 2.8% yield?

 

[Forever84]

If u LL want to rent instead of staying, go for Daintree? Assuming 2-bedder at 2.7k rent vs 1.16mn gives 2.8% yield?

But what's the exit plan there for investors? Nobody wants to hold a unit for 10 years. I see a rental depressed market in next few years.

If u buy 1.16M, how much u need to sell to breakeven?

If u buy over the unit and with "capital appreciation" for last buyer, the yield becomes 1.9%, u want to takeover the unit ma?

 

[xirodspace]

But what's the exit plan there for investors? Nobody wants to hold a unit for 10 years. I see a rental depressed market in next few years.

If u buy 1.16M, how much u need to sell to breakeven?

If u buy over the unit and with "capital appreciation" for last buyer, the yield becomes 1.9%, u want to takeover the unit ma?

So your assumption is rental now = rental 10yrs later?

 

[Okuhida]

If u LL want to rent instead of staying, go for Daintree? Assuming 2-bedder at 2.7k rent vs 1.16mn gives 2.8% yield?

Is 2.8% considered acceptable rental yield? Genuine question because I have been trying to figure out what is the norm for gross rental yield. 2.8% cannot even cover the mortgage.

I know of someone who just rented out their OCR unit. It is rather old (20yo) but next to the mrt and shopping mall. Apparently the new tenant moved from RCR to their OCR unit to stay near the mrt for their son to get to school easier. It is not even near the father’s workplace but neither is their previous RCR unit. Their unit is fully paid (lucky generation who bought in 2006 for less than $500K) but based on neighbours’ recent transactions, it is about 3.8% gross.

 

[NiShiZhu]

So your assumption is rental now = rental 10yrs later?

Yes, if more and more condos are built in D21. Oversupply will cause depressed rental no doubt. You never try rent out your unit before, u may not know how hard sometimes it is to find tenant especially when your place is not within walking distance to mrt/Malls/amenities plus future competition with your neighbouring projects.

 

[xirodspace]

Yes, if more and more condos are built in D21. Oversupply will cause depressed rental no doubt. You never try rent out your unit before, u may not know how hard sometimes it is to find tenant especially when your place is not within walking distance to mrt/Malls/amenities plus future competition with your neighbouring projects.

Ok if that’s your assumption that rental remains flat for 10years, then fundamentally we differ. Anyway, ya I know rental yield wise definitely can get better projects outside, that’s why target selling audience should not be investors looking to continue renting but ownstay, which I believe there will be a sizable crowd

 

[NiShiZhu]

Is 2.8% considered acceptable rental yield? Genuine question because I have been trying to figure out what is the norm for gross rental yield. 2.8% cannot even cover the mortgage.

I know of someone who just rented out their OCR unit. It is rather old (20yo) but next to the mrt and shopping mall. Apparently the new tenant moved from RCR to their OCR unit to stay near the mrt for their son to get to school easier. It is not even near the father’s workplace but neither is their previous RCR unit. Their unit is fully paid (lucky generation who bought in 2006 for less than $500K) but based on neighbours’ recent transactions, it is about 3.8% gross.

In current situation 2.8% is fine. I will put rentability over rental yield (not those yield that’s ridiculously Low of coz) especially in this trying times. That said, I recently just rejected one offer that hovers around only 2.9% yield. Agent says I shouldn’t reject. Anyway that’s me. Lol.

 

[valrossi]

Do u drive?

Walking distance to Beauty World MRT not much different between View@Kismis, Forett and Daintree if not wrong.

Judging from low density of VK and located on the tip of the hill land there, is it worth considering this project?

 

[sinequa88]

i'm not sure if some units were just reserved in good faith (i hope so), and not that OTP already issued, but the number of units sold based on the chart has dropped by about 10.

if 10 units bounced, then thats like about 200k profit to developer from option fees. hahaa QJ really huat.


down from 180+ to 170+



people bought...daintree instead?

 

[NiShiZhu]

i'm not sure if some units were just reserved in good faith (i hope so), and not that OTP already issued, but the number of units sold based on the chart has dropped by about 10.

if 10 units bounced, then thats like about 200k profit to developer from option fees. hahaa QJ really huat.


down from 180+ to 170+



people bought...daintree instead?

Maybe the creek lol

 

[CatSkyPink]

I actually bought one yesterday... First time buying property for own stay and was happy that finally can have my own home until i saw this thread. But i really love the floor plan and it looks like a pretty place to stay. We will see in 10 years time if I will regret. But now, i should be happy i guess.... After seeing almost all the properties that are currently on sale... This is still my mostly preferred. Projects near highways or MRT are just so noisy, especially when MRT is above ground. Maybe for many its convenient. Walking to beauty world MRT is actually not that far. Plan to ride a bike like 2min? Since there is bike parking lot in forett. may seem ridiculous but a good exercise.

 

[Ohw123]

I actually bought one yesterday... First time buying property for own stay and was happy that finally can have my own home until i saw this thread. But i really love the floor plan and it looks like a pretty place to stay. We will see in 10 years time if I will regret. But now, i should be happy i guess.... After seeing almost all the properties that are currently on sale... This is still my mostly preferred. Projects near highways or MRT are just so noisy, especially when MRT is above ground. Maybe for many its convenient. Walking to beauty world MRT is actually not that far. Plan to ride a bike like 2min? Since there is bike parking lot in forett. may seem ridiculous but a good exercise.

Wow congrats, which stack you bought?

 

[CatSkyPink]

Wow congrats, which unit type you bought?

Thanks! 2br... The only one can afford..

 

[NiShiZhu]

I actually bought one yesterday... First time buying property for own stay and was happy that finally can have my own home until i saw this thread. Now i feel like i am gonna lose tons of money in years to come.... looks like i made a wrong decision.

Bought already don’t think so much. Self stay is priceless.
It’s just different opinion from different bros here only.
We might be wrong. Coz no one can predict the future.

Anyway congrats on your purchase.,