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Is This Property A Good Deal, Anyone? July 25, 2006

Posted by Participant in Uncategorized.
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Currently, there is a property with the following, is it a good deal?

District 3, near to Great World City –> Published Price: S$620,000, not furnished. Potential rental return –> S$2700/month. 5% Cash as downpayment –> S$31,000. 5% CPF payment. 90% loan –> S$568,000.
Management fee = S$280/month. Renovation cost = ?, conveyancing cost = ?, property tax = ? Can anyone advise if this is a good deal?

Bruce Tan
Email: brucetan@hotmail.com

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