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Old 27-12-2013, 08:58 AM
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Indeed. If he has the 20 years of experience as a landlord as he claims, he mustn't have learnt anything in those 2 decades.


Quote:
Originally Posted by Hedgie View Post
My friend - you sound entirely like a property agent, and a new one at that.

Read any analysis of experienced property investors and they will tell you that brand new condos, especially in the context of the premium we are seeing in today's market (30 to 50%), makes little sense for investors.

Buyers of new condos are finding that when they try to rent upon TOP, they are competing with hundreds of other rental units coming onstream at the same time at the same development, with slowing rental demand. This is reflected in various articles in the Straits Times recently.

Moreover, your target tenants in Hillview are very different from that in Bukit Timah, so why buy a Hillview condo for $1500 psf when there are resale Holland Village condos for $1300 to 1500 psf?

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