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I am planning to purchase a new private condo in the Novena D11 area for investment purpose. The area is slated for future Medical Hub and my intention is to rent it out to medical professionals working nearby.

Should I go for a one or two bedroom? Which is easier to rent out and what is the rent I can get at the moment? Also, is this time to purchase or should I wait for further market drop before going in?
Is $1200-$1300 psf reasonable and any future price predictions for that area with 2xIR's, F1, Youth Olympics etc coming up?
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4 Answers

Dear Investor,

Novena is a very good choice for an investment property.

Novena is a good investment location after the popular 9, 10 11 districts and in my opinion, has better potential than some of these prime areas for higher rental yield due to the proximity to Suntec City and Orchard Road.

It's popular not just with the medical folks but other professional as well, eg P&G has a large outfit in Novena and I constantly bumped into them seeking accommodations and becoming my clients as tenants.

No time is a good time to buy a property. There will be bargains, but you need to be there to take advantage of the bargains and has a sharp eye for it. The market is softening but it will take the sellers a while to react - about 6 months at least.

If you like, you can call me and we can discuss and expolore as to what your investment plans are.

Patrick Seah - 91377705  Read More
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Hi,

1200-1300psf is reasonable if it is Freehold.

appx 200000 medical tourists here last year,
Sg is trying to turn itself as a Medical tourism Hub and hit over a million and besides the economic benefits, the spill over in this sector will go to the suburban areas, thus raising the prices.

Noone knows for sure where the property market is going but investments in these areas are prob much safer. Best to do more research and find out the past transacted prices in the area and find out the fair market value from banks etc.

THe number of bedrooms depends on their family and most important to them, price of the rental!

HOpe this helps!

Best,

Evonne Yeo
Snr Marketing Director
ERA
www.propertyqueen.net
 96428819  Read More
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Hi i have a FreeHold development at D11 selling 1100+psf only. its a 2 bed, very very well kept. Walking distance to the MRT station. Please let me know if you are interested to view the apartment.

Tks,
Ian-93862623 Read More
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Hi Sir/Madam

Are you looking to sell/buy or rent out your property?

I will be glad to assist
I am well versed in Private Property transaction and have done many transactions
Appreciate if you can contact me at (65) 9 6 6 0 8 5 0 8 with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More
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