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send me detail D15 Grand duchess
Sent Ashraff! :)
Is it good to buy a unit at any of the en-bloc condo?
Hi Priscilla,
It really depends on the price that you get the apartment. It’s more like a punt more of an investment at any of the possible en bloc sites. First you’ll have to work out the possible capital yield from the new purchase price that you’ve entered. Then also work out the possibility of the project being en bloc to melt whether your entry level gives you a good profit.
Just take note of two scenarios, if it goes through successfully and if not. If its not, can the unit be still rented out while you wait for another round? That’s what most en bloc property buyers are concerned about.
Which location and which project has the best potential capital appreciation and investment yields nw?
Jen,
To have the best of both worlds in residential is almost close to impossible.
Best capital appreciation – Marina Bay area, with projects like The Sail yielding very high capital. The rental might not be able to support the gains unfortunately, treat the project like a “landed” property when dealing.
Best investment yields – Almost most are averaging between 3.5 – 4% for a typical freehold residential project. Anything that is 4% and above is considerably decent. If you are looking at good rental yield, i’m suggesting you look at shophouses with good frontage. Those could yield good investment returns of 6 – 7% easily.
Thks, for your fast reply.
Where or which are the en-bloc potential projects nw?
How do we look for en-bloc potential property?
What about auction property? Hw do we get information for it?
Hi
I am interested to know about property on auction. Can you update me more about it and how payment is made after a purchase is made? can we view the unit we are interested prior to the auction?
Hi Trina,
Usually after the property is being ‘knocked-down’ to you, you’ll have to pay 10% of the sales price to the auctioneer for its S&P.
You can arrange with the auctioneer to view the unit (not for pre-TOP projects) before by giving their contact number a call. Hope this helps
i kept failing my ces paper 2 ..do u hv the latest ? can forward it to mi . Thanks.
I think you can get the latest from ceha.sg alex :)