Number of returned condos highest in a year, says property research firm

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(25-05-2013, 02:39 PM)Temperament Wrote: Is it sign of property flippers can't flip in time anymore(can't find buyers in time)? If it is , bad "omen" leh! Then what's next? The stock markets?

Nowadays cannot flip liao. Will incur 16% seller's stamp duty.

(25-05-2013, 03:40 PM)CY09 Wrote: I think right now, the condo market in Singapore is at a fairly valued situation. Lets take an example of one of the new launch condo now, just received an sms for a Urban Vista 4 bedroom (abt 1050Sqft) selling for $1.2M assuming add on fees etc should be 1.25M. If one buys it now, he will get it probably in 2016. it is a 99 years lease FYI. This works out to a rental yield of 3.3% (current rental is abt 3.5k in the area)or assuming there is a 20% drop of rental rates, the yield will go down to 2.6%.

So for any property with a gross yield of 2.6-3.3% range, it is an ok investment and just about manageable IF a 15k income Household purchases it as a second property investment. though I would still recommend equities. But the biggest winners are Fragrance & Aspial, the property developers.

This is not a post to buy or sell private properties

I think that a yield of 3.3% is far too low to support any investment properties, unless you are very optimistic in renting it out 12months a year throughout the holding period.
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RE: Number of returned condos highest in a year, says property research firm - by NTL - 25-05-2013, 10:20 PM

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