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:
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.
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
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...:)
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