Thursday, January 22, 2009

big fish...

Came across an ad of a property priced at approximately 7% below market value on sale last month but after (very) much procrastination, the property was 'JUST' sold by the time I lift up the phone to make an enquiry.

Having studied the rental rates of similar properties, it's probably going to fetch about 9% rental yield, at least. Or better still, I've come across investors who's getting 12% for the same type of property.

Oh well, that's a big fish that escaped.

Anyway, I guess I'll need to be more alert next time, but it's gonna be hard considering that the BLR has dropped to 6.5%, with news that it's going further down in the coming months. Good news for current landlords, yay, bad news for slowpokes like me, nay...:(

3 comments:

WY Kam 甘永元 said...

y the dropping of BLR is bad news for you? LoL. it's cheaper to borrow now. :)

i ve been looking for property here for my gf's family too.

NiC said...

nvm nvm...money is every where. miss this fish but there are still a lot of fish in the pool. =)

wish u have more n more big fish in this moo moo year.

cLiu

Livingmonolith said...

kam: it means less homeowners are seeking to offload their houses under the market value...:(

cLiu: yeah, i guess so, working hard to find good deals these days...:)