AskGuru Q&A Community

Hi George;

Looking at the upmarket trend now,your rental should be able to cover all of your monthly mortgages + generate some income for you.If you are concern about the SIBOR rates flucuating,you can opt for FIXED rates offered by various banks.The reason why there are so many one bdrm / studio units coming up is because the demand is there.Hence,do not worry about over-supply.Feel free to contact me if you have any other queries.I have a few 1 bdrm units available direct from developer's sale !!!Thanks

RGds;
Lyna from ERA
 9623-8442 
lynasong@hotmail.com
www.lynasong.irealtor.sg Read More

Hi George,

To add on to what the rest of my colleagues have mentioned. Singapore during non recession period has a interest appetite hovering around 4%-5%. Although current market experts has mentioned that the interest rates are likely to remain unchanged for another 2-3 years, there is still a possibility for market to reach that rate when it has recover. My guess is good as yours when that will happen. However, investors will prefer to opt for a shorter lock in period as this will increase their flexibility to sell when the need arises. Most investors are short term owners.

So the main reason why a lot of smaller units are being offered by the developers are due to the smaller quantum, hence increasing the turnover rate. With a smaller quantum, there is a higher chance of rental yield being able to cover for the mortgage, hence, its more popular with investors.

Then, you will have to decide if the mickey mouse units will work out in our country like it did in Hong Kong. This is very subjective as not a lot of people can live in a small unit considering the number of bigger options around the area.

You can mail me if you require more input from my own opinion or any assistance. Hope this helps.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More

since you mentioned that it is affordable..it will be the same sentiments for many buyers in the market..there willbe a bigger pool of 'buyers or investors' .hence your risk is also lowered ..
many years ago interest rate have reached 7 to 9%..
you should consider projects that have good yield returns,your equity returns...sales transactions, project trend.. property index forecast.. and in case of distress situation..what you want is.."how fast and who can assist you within the shortest time to relieve the unit.."
call us..9386 6226
www.catherinepang.com Read More

Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More