Quote:
Originally Posted by Unregistered
It is obvious that you know nothing about the property market. Based on your $1.2m figure, you are implying a rental yield of 3.3%. My yield is much, much higher than that. Like I said it was sold at a depressed price, by someone who was holding too many properties and need to let go urgently for cash flow. If you don't know about property investing, pls don't open your mouth. You sound like a fool.
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You dun try to BS others here lah. 3.3% net yield is the norm. Most properties are trading at gross <4%. What depressed property you talking about? 2009 was a slight dip, but nowhere near "drepress" level to justify absurd yields and doubling in a few years which you are implying. You obviously have no idea of property markets are just plucking numbers out from thin air.
What is call much higher? 7%? 8%? You can get a "depress" property at net 7%, i.e. gross >8% in 2009? You take all of us as idiots har?