I'm actually not keen on treasure at tampines, that's why agent keep trying to persuade me. Only have one bullet so want to think really carefully.. I've been looking at Rezi 24 recently, thinking that with a slightly higher quantum I'd be getting a unit in a more central location and freehold also.. any thoughts on this?
Geylang properties in fact are the best for rental yield almost always when you do apple to apple comparison.
Pros
FH properties
High rental yields, lower quantum
Cons
High chance of attracting the wrong kind of tenants, take a look at some of the floor plans, esp the loft projects, feels like it's more targeted as higher class dormitory/vice-activity grounds
Definitely not for expats family
Messy area. Even the govt acknowledged that it's the most dangerous neighbourhood in Singapore
Limited bank loan choices. Maybank and Singapura finance i think.
Boutique condos, typically lack of security
Higher maintenance fee
As for appreciation, it's sort of the same as other OCR areas. You'd need to wait for concrete news about moving the red light district out. News has been there for at least a decade, but personally i dont see it happening anytime in the next two decades, it's too complex a decision, govt tend to take a back seat in this sort of social issues. So neither a pro nor con.
Perhaps take a better look at the area if you like it, investment wise is a good choice.