Finding a Good Deal
How do you find a good deal?
Many people in the market are asking me this very same question.
I always tell them that there are many opportunities in the market. The most important thing now should be how we should buy properties at the most cost-efficient way.
For example, recently I came across a property which was extremely affordable.
If you know the East-West Line (Green Line), there is a city fringe from Lavender MRT, Kallang MRT, Aljunied MRT and Paya Lebar MRT.
In between Lavender MRT and Kallang MRT, there is a freehold condominium known as the Kallang Riverside. Let us have a look at their transactions:
Do you see that many transactions are done at $2,200 per square feet (psf) for the smallest unit there? Also, do you know how far it is from the MRT to the condominium?
Let us skip Aljunied MRT first.
Now, let us consider Paya Lebar MRT.
There is a freehold condominium above One KM mall that is known as Katong Regency. Let us also have a look at their transactions:
Do you see that there are transactions as high as $2,009 psf, and a lot of them are $1,900 and above? The location is not extremely near to the MRT too.
In Truth, Which Are Really Better?
So now, if I tell you that you can buy something at $1,300 psf at Aljunied MRT, would that be considered a good buy?
Who do you think will get better rental yield? Someone who pays $2,200 psf, $2,000 psf or $1,300 psf?
Who do you think has more risk? Someone who pays $2,200 psf, $2,000 psf or $1,300 psf?
Who do you think has more potential? Someone who pays $2,200 psf, $2,000 psf or $1,300 psf?
Let us have a look at the transactions there:
Do you see that we have transactions below $1,300 psf?
Now tell me: Is this not a good deal?
It encompasses a five minutes’ walk to Aljunied MRT with full condominium facilities in addition to a five-metre long swimming pool and two fifty-metre lap pools. Many condominums have problems even giving you one. But, they give you two.
Sims Urban Oasis
Many people will question and tell me that this is a 99 years leasehold as compared to the rest which are all freehold.
How about this: We will package it nicely so it is easier to see.
For $2,200 psf you will get a Kallang Riverside one-room unit.
You could also get the other package, which is:
A Sims Urban Oasis one-room unit, at $1,300 psf and another at High Park Residences at $900 psf which is also $2,200 psf in total.
High Park Residences Transaction:
So, logically speaking, which package would bring you more profits in the long run?
One freehold property or two leasehold properties that will give you better rental yield?
This is only one of the examples I have for good value property. There are many more that we can also discuss. However, the most important thing is that we will look at how you can buy properties in order to avoid paying unnecessary costs.
Right now, do you feel your interest getting sparked? Do you want to know more and take one step further? Please, do not hold back. Pick up your phone, punch in the numbers, and get in touch with me for what could be a life-changing experience.