Talking about rental, i remember few years back when i were talking about no rental demand for those new condo units in this forum, got ppl reply back laughing me backward to even care about rental...back then ppty price (manipulate by developers) were growing very strong and they are typical kiasu and kiasi singaporean all rush in so afraid of missing out.
Anyway, my advise is, do not care about rental, if can get in anyway lower than 700 psf, btw 500 psf to 600 psf in medini or danga (may able to see such opportunity in 2017, 2018, if HSR n RTS still no news), just borrowing in SGD and buy it. If factor in possible currency advantages and future demand aspect changes, can be rewarding to be pioneer to get in the market while others all afraid. Do not care about rental, if you cant make it without rental, mind as well dont risk it, your financial is not strong enough to even get in.
When one is misled by herd mentality, it's hard to turn back or think rationally. Tendency is to rush in altogether.
The world did not see any major financial crisis between 2013 to 2016. Yet how come in 2013, buyers were like rats running all over wanting to eat the food in the kitchen, but in 2014 onwards, most of them are nowhere to be found? The food is still there.
The reason is that only when reality strikes hard and the facts are laid out explicitly, do people suddenly realize they have all been running in the wrong direction.
Someone said here, if you need to depend on rental to invest in property, then you are not fit to be an investor. I think there's only half truth to this statement.
Getting rental from your property investment is a form of risk hedging. At least should things go wrong, like you bought at the wrong time, or you can't sell your property next time, you have that extra cash to tide you over.
Of course some people may say they don't like to rent out their properties because of possible damage and all sorts of trouble from tenants. They just keep and later, sell it off at profit. This is much easier to do years ago. In today's climate, depending on capital appreciation or flipping for good profits is very hard. So that's why depending on rental is a good way to get income rather than leave your property empty most of the time. It's not so much that one cannot afford it if there is no rental.
If you can't get rental, the market is soft, outlook is bleak, there is oversupply for many years, the property you bought is generally at a high price, then what's the point of buying the property in the first place? (Other than if you wish to stay there yourself.)
If investing in property is so easy, people should just snap up Iskandar properties. Or properties in other countries that are still affordable by foreigners' standard. Just keep them, wait 15-20 years later, sure can sell at profit. Is it so simple? No one is doing that.
Some have consoled by saying in the worst case, use it as holiday home or stay there yourself. But that's really like saying you are a cook trying to sell your food. If you don't get many customers, never mind, you can cook and eat the food yourself. Then what's the point of setting up the food stall business in the first place?
One can argue, I got money. I got holding power. Well, then there's nothing much to discuss. Like I said before, if you have the money, you can do almost anything you like. You can buy a $10k Rolex watch. Tomorrow you don't like it, you can throw it into the bin and buy another one. No one can say you are wrong.
