Firms dangle perks to draw condo buyers

(05-04-2012, 12:39 PM)corydorus Wrote: Can anyone post typical maintainence fees now for new condo ? I would think this is an increase in expense if is quite large.

Well, let me give you a typical ppty investment ROI:

Normally the overall expenses is aro 15% - 20% of the Rental

The details are:

Typical Sample
Purchase Price -say a 1,000SF unit @ $880/Psf $880,000
Rental/mth $2,500
Expenses @15% $375
Expenses @20% $500

maint fee $210
pro-tax $140
agent fee $104
misc $30
Total expenses = $484 (19%)

However, if for own-stay u may take out agent fee and pro-tax is much cheaper.

Hehe, Nett ROI only aro 2.8%, if u now invest in current market.

(05-04-2012, 06:04 PM)piggo Wrote: Why would you need a car? And if you're looking from an investment perspective shouldn't it mean that you'll be renting it out and generating income? To stay there is a form of consumption; a loss in income.... Think to expect 5% returns purely from capital appreciation is quite demanding =P

As mentioned, is upgrade. Considering the number of flat and condo rolling out, probably on the assumption is flat for the next decade. I am looking at opportunity cost bill i would have lost. It may still be worth it to maximise our life though.

Koh, appreciate your details.


Cory

Does a non-car-owning household in a condo pay less monthly fee? ie is $95 (or whatever is the monthly carparking fee) deducted from the monthly fee?

I am a HDB flat dweller all my life and I really do not know the answer.

nope u have to pay the same MM fees, BUT u can "rent" out ur un-utilitised allocated 1 car park slot to ur neighbours, IF, the condo are strict about the allocations or does not have enough carpark slots.

(07-04-2012, 08:05 AM)brattzz Wrote: BUT u can "rent" out ur un-utilitised allocated 1 car park slot to ur neighbours, IF, the condo are strict about the allocations or does not have enough carpark slots.

Only if your condo mgmt is lax. Usually, they'd check your vehicle log book to make sure the registered owner is the condo unit owner. If it's not (eg. you rented out your unit to someone who drives or you are driving a car that belongs to someone else), you'd have to sign some declarations. Of course you can still get away with a false declaration, but make sure you don't go into politics in future as this can be dug out easily..