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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
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(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?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Will some people partition their older condo to rent out to many people as they need the rental income at all cost?
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17-01-2014, 03:07 PM
(This post was last modified: 17-01-2014, 03:09 PM by CityFarmer.)
(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.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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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?
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17-01-2014, 04:02 PM
(This post was last modified: 17-01-2014, 04:03 PM by viruskbs.)
**waiting for fire sales***
**sees no cash in all accounts**
**giggles**
takes out pop corn
**chomp chomp chomp***
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