One more "bad" news for property market...
Condo rental yield dips below 4%
SINGAPORE — Non-landed private residential rental yield fell below 4 per cent last year, the Singapore Real Estate Exchange (SRX) said today (Jan 17).
Overall, the median gross rental yield for non-landed private residential properties dropped from 4.2 per cent to 3.9 per cent last year.
...
http://www.todayonline.com/singapore/con...ps-below-4
(17-01-2014, 02:40 PM)CityFarmer Wrote: [ -> ]One more "bad" news for property market...
Condo rental yield dips below 4%
SINGAPORE — Non-landed private residential rental yield fell below 4 per cent last year, the Singapore Real Estate Exchange (SRX) said today (Jan 17).
Overall, the median gross rental yield for non-landed private residential properties dropped from 4.2 per cent to 3.9 per cent last year.
...
http://www.todayonline.com/singapore/con...ps-below-4
No worry for landlords who are prepared to let out at market rate or just, just below market rate. It's the same with everything in life. When times are good or bad, the same principle of business transaction always apply.
After say this, my wife's ex -colleague who is single now (divorcee) own 2 condos and is still working. Her properties always look spic- and-span.
Why?
She doesn't really need the rental money lah. So she can pick-and -choose her tenants. Sometimes the condos can go 6 to 12 months without tenants. But she got no children. That's why too.
Errr..... What's the meaning of life?
Will some people partition their older condo to rent out to many people as they need the rental income at all cost?
(17-01-2014, 03:04 PM)shareinvestor1 Wrote: [ -> ]Will some people partition their older condo to rent out to many people as they need the rental income at all cost?
I recalled there are rules on number of occupier, and most importantly the fire safety issues. All these will restrict the partitioning.
I think the panic will come once those ppl that have bought the property hoping for capital gain and long term yield of 2% or more. As most are aware the gov had implement anti speculation measure and even those holding on to property will have to pay tax even if its not rented out.
I wont be surprise if more are will to accept lower offer + absorbing stamp duty! High end in Santosa is already tossed so what more down the road?
**waiting for fire sales***
**sees no cash in all accounts**
**giggles**
takes out pop corn
**chomp chomp chomp***
(17-01-2014, 02:55 PM)Temperament Wrote: [ -> ]After say this, my wife's ex -colleague who is single now (divorcee) own 2 condos and is still working. Her properties always look spic- and-span.
Why?
She doesn't really need the rental money lah. So she can pick-and -choose her tenants. Sometimes the condos can go 6 to 12 months without tenants.
That is why it is important to have multiple streams of income... passive or otherwise.
And debt free.
Having investment property that is fully paid means choosing tennants of your choice and terms. Leaving it empty is fine, only running costs involved.
It gets complicated if the property is overseas... leaving it empty can create issues that you are not aware of. Agents are not 100% reliable. Leaking sewerage, pipes, and even squatting from unkown persons is possible. This happened to me with a condo in KL years ago. The neighbour somehow had access and used the unit to stow his things!
(17-01-2014, 03:07 PM)CityFarmer Wrote: [ -> ] (17-01-2014, 03:04 PM)shareinvestor1 Wrote: [ -> ]Will some people partition their older condo to rent out to many people as they need the rental income at all cost?
I recalled there are rules on number of occupier, and most importantly the fire safety issues. All these will restrict the partitioning.
I see. In my house hunting, I found several old developments have many units partitioned like cage renting to foreigners from all sort of life.. Maybe not reported.. Balestial area.
(17-01-2014, 04:07 PM)shareinvestor1 Wrote: [ -> ]I see. In my house hunting, I found several old developments have many units partitioned like cage renting to foreigners from all sort of life.. Maybe not reported.. Balestial area.
Balestier is like another Geylang, that's why the cage-design is not that surprise. I would rather hunt in suburban if I can afford one.
(17-01-2014, 02:55 PM)Temperament Wrote: [ -> ]SINGAPORE — Non-landed private residential rental yield fell below 4 per cent last year, the Singapore Real Estate Exchange (SRX) said today (Jan 17).
Overall, the median gross rental yield for non-landed private residential properties dropped from 4.2 per cent to 3.9 per cent last year.
...
http://www.todayonline.com/singapore/con...ps-below-4
No worry for landlords who are prepared to let out at market rate or just, just below market rate. It's the same with everything in life. When times are good or bad, the same principle of business transaction always apply.
After say this, my wife's ex -colleague who is single now (divorcee) own 2 condos and is still working. Her properties always look spic- and-span.
[/quote]
what does it mean by spic-and-span?
and what is she working as?
when the news said rental yield below 4%, are they usually referring to yield over capital outlay or market value of the property?