AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi, I am seriously considering getting One Ambre 1 bedder.
For investment & rental purpose. Budget at 700k.

Can anyone please advise me on the property tax, rental yield ?

Wondering would it be tough to rent out as there are so many similar private 1 bedder ard east Coast area as well?
0 •
821 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Belinda Cheong
Replied
HI Yu Yan,

As this is your investment property, you will be taxed at 10% of the annual value of the property. The annual value is computed by IRAS and will be sent to you annually.

Studios are rarely available in new condos in the East Coast and since the quantum of your investment is lower, you should generally be getting a higher yield than say, a property worth $2 million.

If you have further queries, or wish to discuss on the studio units available, kindly give me a call at 8123 0039  or email me at belindacheong@gmail.com

Happy Hunting! Read More
0
Upvote Upvoted
Lee Chun Peng Adnic
Replied

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions