Hi Stacked Homes,
Thank you for all the articles which are truly relevant and insightful.
I am currently at a crossroads and hoping to seek advice from your guys given your expertise and honest opinions.
I have recently agreed on a deal to purchase a 2-bedroom unit in Corals at Keppel at $1.6 million (893 sq ft – $1,800 psf) and pending the exercise of the option. The unit is currently tenanted out for 2 years at a decent $5,100/month which sufficiently covers basic mortgage ($4,300) and monthly maintenance ($660).
Having seen a number of new launches and resale units over the years, the development and unit ticks all my boxes from a liveability perspective. I’ve stayed there for a year with my previous partner in 2017/18 hence I am familiar with the place. The bank valuation was interestingly placed at 1.8-2.0 million which made this look like a good entry – previous transactions were dock-facing units done above $2,100 psf. Last but not least...
