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Should I continue holding onto my studio unit at The M for rental purposes?
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Here is a summary of The M:
Street Name: Middle Road
District/Planning Area: D7 / Downtown Core
Property Type: Apartment
Developer: WINGCHARM INVESTMENT PTE LTD
Tenure: 99 yrs from 03/07/2019
Completion: 2023
Number of Units: 522 units
Bedroom Types: 1BR, 2BR, 3BR
Buyer Profile by Residential Status: Singaporean 80.0%, PR 12.7%, Foreigner 7.3%, Company 0.0%
Average sale price*: $2,600 psf
Rental Yield**: 3.7%
*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction
**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction
Street Name: Middle Road
District/Planning Area: D7 / Downtown Core
Property Type: Apartment
Developer: WINGCHARM INVESTMENT PTE LTD
Tenure: 99 yrs from 03/07/2019
Completion: 2023
Number of Units: 522 units
Bedroom Types: 1BR, 2BR, 3BR
Buyer Profile by Residential Status: Singaporean 80.0%, PR 12.7%, Foreigner 7.3%, Company 0.0%
Average sale price*: $2,600 psf
Rental Yield**: 3.7%
*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction
**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction