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Liv On Wilkie
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Certain things worth considering when pruchasing a property for rental proceeds as follows;
The locations that will offer stable rental revenue are obviously in the prime luxury areas for instance district 9, 10, 11 however the investments placed into these areas can be too much for a few and will not be able draw in â€œsufficientâ€ rental return (caused by high capital costs included).
Several other possible locations to look into are â€œlittle enclavesâ€ that happen to be loved by expats.
Look in places where you'll find private or international schools, or just which includes a congregation of companies choosing large numbers of expats. As an example, at Woodlands, there exists Singapore American School.
In Serangoon area, there is French and Australian school you get the idea
see a map showing location of international schools in singapore
Apartments with good views has the ability to entice tenants easier. Rentals for apartments with good views can easily command 10-20 percent higher rental as opposed to those without.
A leasehold property will command a higher rental yield than freehold property because you eventually pay less when you buy a leasehold property but will be able to get exact same rental as your neighbouring freehold condo.
Renters aren't bothered regardless of if the property is freehold or leasehold. they're just only focused on â€œhow much per monthâ€ and â€œwhat size TV are you currently providing me?â€
Pool and security are usually must-haves, just like the newly freehold liv on wilkie. In connection with this, SIZE MATTERS!
In addition to the standard facilities which include tennis courts and gym, there are numerous condos which are usually like mini-towns. for illustration, pandan valley has shops and services that does not only serve up the estate inhabitants, even many of the neighbouring condos' homeowners feel the services very helpful too.
A condominium which is not too conveniently-located (for example not very near to a town centre or hosting sundry shops in easy reach) ought to have such shops during the development or else residents could be very disappointed by the need for being forced to travel Twenty or so minutes only to buy a packet of instant noodles.
With this, we mean public transport (bus and mrt) and as well major roadways.
Yes, Singapore might be a small island and First time tenants normally say â€œnot to be concerned, you realize, where i originated from (as in country), the location so big (hands expand wide), travelling requires a period of time. Singapore so small, just how long could it possibly take?â€
A few months later, they come back and say â€œaiyoh, though Singapore so small, the waiting time for bus lengthy and so many traffic lights, i drive home from CBD to Punggol takes almost Sixty minutes everyday (coz always jam along at the CTE!)â€.
Don't even think? Try heading to furniture shops and discover just how many circular beds, sofas and television consoles you could find . squarish layouts are usually more well-known.
The most effective could well be apartments with square everything square living, square bedroom, square bathroom if got more desirable, you may also consider looking at newly freehold condominiums such as liv on wilkie condo.
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