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I'm a foreigner on an EP and renting an appartment on Scotts Road, the Owner is looking at selling in order to cash in on the market. He wants around SGD 3.5 Million but if I were to leave Singapore and rent it out, the income would not even cover half the cost of the mortgage repayments based on 25 years repayment. Please can someone help explain the situation. Why are rental yields and sale prices so out of line?
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3 Answers

Carole Ann Coventry
Replied
Hi Alex-you need to check your tenancy agreement. It is most likely any sale would have to be subject to tenancy so you could stay where you are for term of lease. Regards
Carole Ann-Expat Rentals h/p 97634141  Read More
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Geryl Lim
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We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Read More
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Silvia Yang
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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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