"It is not when you purchase but when you sell that makes the difference to your profit". Hence I constantly advise my investors to confirm that they have gone through their financial plans carefully as they will be entering into a 4-year commitment - after taking into deliberation the 4-year Seller's Stamp Duty (SSD) that they will be required to pay if they vend their property before 4 years.
Once they have determined the amount of finances they are eager to outlay, they will set themselves at a great advantage by entering the property market and making passive income from rental yields rather than putting their cash in the bank.
Based on the present market, I would guide that they keep a lookout for any good investment property where charges have dropped more than 10% rather than putting it in a fixed deposit which pays 0.5% and does not hedge against inflation which currently stands at 5.7%.
In this facet, my investors and I are on the same page - we prefer to take benefit of the current low interest rate and put our money in property assets to produce a positive cash flow via rental income. I myself have personally seen some properties making positive monthly cash flow of up to $1500 after off-setting mortgage costs.
Upcoming Paya Lebar New condo will be popular among home owners and investors with its strategic location just beside Paya Lebar MRT Station. Past development in the east connected to MRT is Bedok Residences which saw itself having buyers and agents queuing for 3 days 2 night to get a unit at Bedok Residences.
Paya Lebar has been popular as more businesses shift here to paya lebar central as part of government initiative to decentralise the CBD. Thus more shopping malls and offices has sprung up such as paya lebar square and singpost.