I was curious about the passive income generation capabilities of properties in Singapore.
I should be. Everyone tells me if you have the money you should get one now.
It’s investing in a comfortable future.
So I got a chance to talk to a friends mother who happens to sell landed properties.
And you will be able to see how clueless i am.
I don’t even know landed properties can only be purchased by Singaporeans.
This effectively leaves condominiums to foreign speculators.
The curious factor was that in a URA report, it was indicated that the average rental yields is around 3.8%.
That looks kind of low so it’s good to sound out some real figures but the figures are also making me suspect whether every property of that category is around that range.
Private landed terrace house with a market value of 2 million rents around 4k++. Works ......