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Anonymous

30 Dec 2019

Property

What is the expected annualised returns of a condo?

Taking into consideration potential capital appreciation/loss, all costs (interest, taxes, maintenance) and averaged returns across different condos in different districts? Curious as to whether it makes sense to take a risk to buy one if my portfolio delivers 7% over the long term (30years).

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Leslie Koh

09 Dec 2019

Associate Financial Services Manager at Prudential Assurance Company Singapore

Not sure if this helps to answer but I always like to reference this article written by 99.co:
Assuming the total cost of your property is $1.4 million, inclusive of all the stamp duties, conveyancing fees, renovations, and so forth. The total rental yield is 2.1 per cent

Source: https://www.99.co/blog/singapore/rental-income-...

If it's personal stay, I think it's worth looking into it but you're looking at rental yield, I think it's safer to stay in your current portfolio. I'm no property investing expert but just sharing my opinion.

Hope it helps!

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