Thats correct too Boyce.. But dont forget if u have a mortage u basically deduct the interest from ur expense when u declare tax Right? Well, if u have a little more equity injected, that problem would solve itself
@@SellingSingapore U will still have to pay more taxes because the rental income outweighs the interest expense by a fair bit... anyway just my thoughts..I don't think you should have mentioned it as it looks quite poor returns 3% gross return only for a fairly new 99 Yr leasehold condo.
@@bkoh1771 consider that it wouldnt if u do the math again Boyce. Unless ur personal income was alrdy high to begin with. That and u have to remember 1800- interest. Principal is 1200. Consider lessing property tax and necessary expenditure through the course of tenancy say replacement of furnitures what not. It takes u below 14k per annum. If one basically doesnt have a high income. Its pretty much tax free for anything below 20k right. That and you havent accounted for personal relief and the other expenditure deductions?
So yea we state the facts cos buyers today pretty much know their stuff. if ur looking at it as an investment in D19 Hougang. Its pretty decent actually.
@@SellingSingapore Hi, of course its tax free below 20k. However do you think someone with $20k can afford the down payment of $175k? 7% assuming $80k income(very conservative already) means additional $1k in income taxes. Plus if you are renting it out and you assumed that the person can get 75% loan at 30 years, the person must be very rich and young for that person's1st property to be paid for. Without even considering ABSD, you haven't account for the MCST fee which is probably eating up another 1 .5 months rent/year, agency fee 1month rent/year, & property tax 1 month rent/year.
Lovely
Hi. Want to know, at the age above 55, still can get loan from the bank ?
Can uh. Whatsapp us. We'll put u in touch with banker.
What’s thte height of loft to ceiling
Approximately 1.5m
@@SellingSingapore Definitely cant be 1.5m, please check properly and btw this is not in D17, it's D19
Nice..... if I was the owner i'd remove the loft and put a murphy bed in there to save space
Thats a nice suggestion Jon.
With the mcst fee you are having negative cash flow and don't talk about additional income taxes and higher interest rates in the future
Thats correct too Boyce.. But dont forget if u have a mortage u basically deduct the interest from ur expense when u declare tax Right? Well, if u have a little more equity injected, that problem would solve itself
@@SellingSingapore U will still have to pay more taxes because the rental income outweighs the interest expense by a fair bit... anyway just my thoughts..I don't think you should have mentioned it as it looks quite poor returns 3% gross return only for a fairly new 99 Yr leasehold condo.
@@bkoh1771 consider that it wouldnt if u do the math again Boyce. Unless ur personal income was alrdy high to begin with. That and u have to remember 1800- interest. Principal is 1200. Consider lessing property tax and necessary expenditure through the course of tenancy say replacement of furnitures what not. It takes u below 14k per annum. If one basically doesnt have a high income. Its pretty much tax free for anything below 20k right. That and you havent accounted for personal relief and the other expenditure deductions?
So yea we state the facts cos buyers today pretty much know their stuff. if ur looking at it as an investment in D19 Hougang. Its pretty decent actually.
@@SellingSingapore Hi, of course its tax free below 20k. However do you think someone with $20k can afford the down payment of $175k? 7% assuming $80k income(very conservative already) means additional $1k in income taxes. Plus if you are renting it out and you assumed that the person can get 75% loan at 30 years, the person must be very rich and young for that person's1st property to be paid for. Without even considering ABSD, you haven't account for the MCST fee which is probably eating up another 1 .5 months rent/year, agency fee 1month rent/year, & property tax 1 month rent/year.