Mori New Launch and Geylang Properties

ThinkCarefully

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New benchmark, Geylang property around 1900 psf... promoted as a value buy

come, buy properties in Geylang..(previous nearby launches all sold out... or almost)

Quote”

average price likely to be in the $1,900 psf range.

“The prices are attractive, as freehold properties tend to command a 20% premium over leasehold properties in the same area,”

Unquote””






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doreen27

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will this be a good place for homestay? especially for ladies?
 

ThinkCarefully

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will this be a good place for homestay? especially for ladies?

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They are banging on following recent launches Noma and Rezi 24, both almost fully sold.

the address is also Guilemard Road..

homestay... need to go down to take a look

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lowzeewee

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Good for landlords to rent out and do AirBnB.
 

edisonhui1220

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They are banging on following recent launches Noma and Rezi 24, both almost fully sold.

the address is also Guilemard Road..

homestay... need to go down to take a look

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I wanted to jio one friend to see see, but after knowing it locates in geylang she said doest wanna see already o_O
 

scanner007

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I wanted to jio one friend to see see, but after knowing it locates in geylang she said doest wanna see already o_O
Your girlfriend? LOL

My friend went with her husband. This project is rental play but might have challenge to sell later.
 

lowzeewee

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how much will banks be willing to loan for these units ?
 

tomason

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Good move by the bank(s), as am sure most buyers will want to enquire on that.

If I'm not wrong for Geylang maybe 70% LTV max for certain banks only

Also, bank might also take into consideration if it is for homestay or investment

Likely need to go to Hong Leong in order to get the max 75%
 

ThinkCarefully

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If I'm not wrong for Geylang maybe 70% LTV max for certain banks only

Also, bank might also take into consideration if it is for homestay or investment

Likely need to go to Hong Leong in order to get the max 75%

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A lot depends on Lorong..


Those not hard core ones can loan full, especially those which tie down with local banks..

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ThinkCarefully

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I wanted to jio one friend to see see, but after knowing it locates in geylang she said doest wanna see already o_O

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Actually the better lorongs are getting acceptance. Especially with covid, suddenly the place looks more quiet.

I was in another thread where comments were made that certain projects at high entry price and quantum, difficult for capital gain, invest for rental only, not invest for capital appreciation ..but Hor, 99y lh for rental will eat into lease decay...unless rental really high..

this is another proposition, fh but boutique with higher rental yield..lower entry quantum as well

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