I am now considering the purchase of another unit in Forest City. Details as follows:
This is a 1+1 bedroom unit (517 sf) in Forest City.
The developer sells it for RM 673,832 (SGD 217,000) for advanced payment. This is after a discount of 15% for payment within 2 months. At this price, the cost psf is SGD 419.
The developer offers a lease back scheme for 3 years at 4%, 5% and 6% of the SPA price. It will be used for housing their staff. The average yield is 5% per year. After 3 years, the buyer can take over the apartment and use it on his own.
There is another payment for the renovation and furnishing of the apartment. I think it should be about RM 20,000 (but I have to check it).
You can view the PDF for the other payment schemes - if you do not wish to pay 100% upfront. You can also see a floor plan of the 1+1 bedroom apartment.
My investment
I have already bought a 3 bedroom apartment in Forest City. I am now considering purchasing this 1+1 bedroom apartment as an investment for 3 years. I will worry about how it is to be used after 3 years. By that time, maybe some tenants will be interested to rent the place to send a child to the international school.
http://www.tankinlian.com/PDF/1421
If you are interested to visit Forest City to view the development, send email to kinlian@gmail.com
You can view the PDF for the other payment schemes - if you do not wish to pay 100% upfront. You can also see a floor plan of the 1+1 bedroom apartment.
My investment
I have already bought a 3 bedroom apartment in Forest City. I am now considering purchasing this 1+1 bedroom apartment as an investment for 3 years. I will worry about how it is to be used after 3 years. By that time, maybe some tenants will be interested to rent the place to send a child to the international school.
http://www.tankinlian.com/PDF/1421
If you are interested to visit Forest City to view the development, send email to kinlian@gmail.com
1 comment:
Hope Mr. Tan has made a wise investment, would be great if there is a sub line connecting to the HSR running through this project.
Maintenance fees and other charges at Leisure Farm are high, many Singaporean investors regret it and face difficulty cashing out, but then LF is relatively very much less dense, unlike mega size Forest, so fees should be much lower at the latter.
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