Jln Tenteram Developments

[cheongking888]

How come Mandalay Road there the price will no go up? i hope it is not stagnant?

Mandalay road condos are famous for being gambling dens.

Now with Or Sai moved out and that big land going to be a huge condo estate (maybe 1000 units), chances are it will generate huge interest.

 

[iam7377]

Mandalay road condos are famous for being gambling dens.

Now with Or Sai moved out and that big land going to be a huge condo estate (maybe 1000 units), chances are it will generate huge interest.

Thanks for the information.

BTW what is Or Sai???

I intend to purchase a unit there for rental. isit viable anot?

intend for rental and capital appreciation.

Please advise... thanks

 

[cheongking888]

Thanks for the information.

BTW what is Or Sai???

I intend to purchase a unit there for rental. isit viable anot?

intend for rental and capital appreciation.

Please advise... thanks

Or Sai is CDC.

If you want to buy for rental, you may want to look at old condo like Victory Height or Walk up apartment as you still able to get below $1k per ft2.

Rental return is only about 2 to 2.5%.

For asset appreciation, I really don't know. Really depends on your luck.

AVA Tower enbloc also not successful. Now many owners are trying to let go at $1k per ft2. Maybe must hold for the next boom cycle.

 

[iam7377]

Or Sai is CDC.

If you want to buy for rental, you may want to look at old condo like Victory Height or Walk up apartment as you still able to get below $1k per ft2.

Rental return is only about 2 to 2.5%.

For asset appreciation, I really don't know. Really depends on your luck.

AVA Tower enbloc also not successful. Now many owners are trying to let go at $1k per ft2. Maybe must hold for the next boom cycle.

Or Sai = Black Lion of Moulmein.

I am looking for maybe a 2 bedder. - M21 Residences or The Zedge.

Heard from agent roughly around 2.8k - 3.2k...

I hope keep for around 10-20 years, the price can maybe increase by half...

how do u know about boom cycle, think need to have recession for everything to reset first...

 

[cheongking888]

Or Sai = Black Lion of Moulmein.

I am looking for maybe a 2 bedder. - M21 Residences or The Zedge.

Heard from agent roughly around 2.8k - 3.2k...

I hope keep for around 10-20 years, the price can maybe increase by half...

how do u know about boom cycle, think need to have recession for everything to reset first...

The two condos you mentioned are fairly new and about $1.4 - $1.6k per ft2. But they are abt 900m from Novena mrt and not near to Balestier Road. Rental wise, you be the judge. Ask yourself whether are there many adverts for rental in these two condos?

You may wish to look those condos near Novena Mrt if you want to secure rental. My cousin got a one bedded at $1.8k per ft2 2 years ago. Due to its proximity to mrt, he had no problem in rental.

 

[1993newbie]

The Zedge rental transaction for the two bedder.

Most recent transaction

Average rent for two bedder $2.4k. Using the recent 2 bedder transaction. That’s about 2.5% gross yield

Or Sai = Black Lion of Moulmein.

I am looking for maybe a 2 bedder. - M21 Residences or The Zedge.

Heard from agent roughly around 2.8k - 3.2k...

I hope keep for around 10-20 years, the price can maybe increase by half...

how do u know about boom cycle, think need to have recession for everything to reset first...

 

[iam7377]

The Zedge rental transaction for the two bedder.

Most recent transaction

Average rent for two bedder $2.4k. Using the recent 2 bedder transaction. That’s about 2.5% gross yield

Is the Zedge nearer to Novena MRT?

From mapwise, i think it is quite near to M21 Residences.

2.5% gross yield is referring to 2.5% of the price of the condo?

 

[iam7377]

The two condos you mentioned are fairly new and about $1.4 - $1.6k per ft2. But they are abt 900m from Novena mrt and not near to Balestier Road. Rental wise, you be the judge. Ask yourself whether are there many adverts for rental in these two condos?

You may wish to look those condos near Novena Mrt if you want to secure rental. My cousin got a one bedded at $1.8k per ft2 2 years ago. Due to its proximity to mrt, he had no problem in rental.

Which condo your cousin got? If near MRT the price should be around 2k+ per sqft... way out of my budget, unless buy shoebox unit...

i think a unit which is around 700+ sqft should be quite ok for a 2 bedder?

 

[iam7377]

The Zedge rental transaction for the two bedder.

Most recent transaction

Average rent for two bedder $2.4k. Using the recent 2 bedder transaction. That’s about 2.5% gross yield

That quite low, was thinking maybe can get around 2.8k - 3.2k

at least to cover the monthly installment...

 

[1993newbie]

Using the most recent unit sold over the average $2.4k/month rental. That’s 2.5% gross

2.4k x 12 months divide by $1.175mil.

Is the Zedge nearer to Novena MRT?

From mapwise, i think it is quite near to M21 Residences.

2.5% gross yield is referring to 2.5% of the price of the condo?

 

[1993newbie]

Yup, rental has been on the downside for many quarters... very hard to cover monthly mortgage

That quite low, was thinking maybe can get around 2.8k - 3.2k

at least to cover the monthly installment...

 

[cheongking888]

Is the Zedge nearer to Novena MRT?

From mapwise, i think it is quite near to M21 Residences.

2.5% gross yield is referring to 2.5% of the price of the condo?

Most tenants staying around there are mainly nurses and workers.

M21 and others condos in Mandalay need to walk under rains and shines. No cover walkway. You can try recce the area and appreciate yourself. Walking to Novena mrt is a task under SG weather.

I wonder 700 ft2 can squeeze in how many people? 4? Hence per person is about $500 - $600 per month rental. Very seldom you see one person rent the whole place.

2% return is the norm nowadays. Don't forget your monthly maintenance and property tax.

 

[cheongking888]

That quite low, was thinking maybe can get around 2.8k - 3.2k

at least to cover the monthly installment...

Nowadays rent is no longer able to cover the monthly loan.

 

[iam7377]

Yup, rental has been on the downside for many quarters... very hard to cover monthly mortgage

Nowadays rent is no longer able to cover the monthly loan.

Yeah, my side the condo rental price also has been quite low. can get a 2 bedder unit even below 2k...

 

[iam7377]

Using the most recent unit sold over the average $2.4k/month rental. That’s 2.5% gross

2.4k x 12 months divide by $1.175mil.

Okay, thanks for the info.

 

[iam7377]

Most tenants staying around there are mainly nurses and workers.

M21 and others condos in Mandalay need to walk under rains and shines. No cover walkway. You can try recce the area and appreciate yourself. Walking to Novena mrt is a task under SG weather.

I wonder 700 ft2 can squeeze in how many people? 4? Hence per person is about $500 - $600 per month rental. Very seldom you see one person rent the whole place.

2% return is the norm nowadays. Don't forget your monthly maintenance and property tax.

From the Diagram u show me, quite surprise of the rental market, seems to me the agent is lying to me... or rather painting a rosy picture.

BTW what the app u are using to show the price of unit sold and rental...

i will go down to for a walkabout soon.

Cheers

 

[1993newbie]

Download URA property market info app,
For sales transaction it’s updated every Tuesday & Friday at 5pm.

For rental wise, it’s updated once a month on every 15th. Transaction will show the previous month rental contracts.

Before jumping on buying an investment property, do your own research of the potential rent , tenant pool around an area.
Listen to agents with an open mind but at the end of the day, you’re the own paying the monthly mortgage. Do your own due diligent. All the best bro

From the Diagram u show me, quite surprise of the rental market, seems to me the agent is lying to me... or rather painting a rosy picture.

BTW what the app u are using to show the price of unit sold and rental...

i will go down to for a walkabout soon.

Cheers

 

[1993newbie]

Use this site to analyse rental yield and data. Updated very frequently.

http://www.squarefoot.com.sg/market-watch/rental-yield

From the Diagram u show me, quite surprise of the rental market, seems to me the agent is lying to me... or rather painting a rosy picture.

BTW what the app u are using to show the price of unit sold and rental...

i will go down to for a walkabout soon.

Cheers

 

[cheongking888]

i will go down to for a walkabout soon.

Cheers

You try to walk from Novena mrt during the day and at night. Night time is very eerie and creepy.

You can also walk along Balestier Road at night and eat bak Kut Teh at 365.

 

[CmDrRaBb]

Night time still ok wor. My wife, kids and I always have night walks around.

You try to walk from Novena mrt during the day and at night. Night time is very eerie and creepy.

You can also walk along Balestier Road at night and eat bak Kut Teh at 365.