Profitable neighbours of unprofitable condominiums
Typical month-to-month leasing for Downtown Core ($5.82 psf) is higher than the Central Region ($4.41 psf) and the whole of Singapore ($3.92 psf). This could be because tenants account for 40% of Downtown Core’s population. The numerous proprietors selling at a loss offers a home window of opportunity for savvy capitalists to pick up a Downtown Core home for consistent rental incomes. The much weaker rate growth for Downtown Core could be credited to high launch rate, which leaves little area for more price growth while still continuing to be appealing to buyers. Average resale cost for condos in Downtown […] Read More →