Own an investment shoebox unit? 5 important points to note if you're selling it in 2023

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Right up to 2013, the single-bedder or shoebox unit was an in-demand property choice. It's affordable to new investors, has a higher rental yield, and can be sold as an investment. But come 2023, the 'selling' part is a much tougher choice. Thanks to sky-high Additional Buyers Stamp Duty (ABSD), even for Singapore citizens, it's likely that if you sell...

Right up to 2013, the single-bedder or shoebox unit was an in-demand property choice. It's affordable to new investors, has a higher rental yield, and can be sold as an investment., even for Singapore citizens, it's likely that if you sell off your shoebox now, you won't have an opportunity to own multiple properties again.

However, purchasing a second property again in the future may not be viable, given the ABSD. So benefits such as rental income, a home for still-single children, etc. may be lost for good.For further details, seeAs a quick summary, the interest rate floor on debt ratios, such as the Total Debt Servicing Ratio , has been raised; and TDSR has been capped at 55 per cent of your monthly income.

So if you have a unit with high rentability , you might want to consider if it's worth selling further down the road. Keep in mind that, if you sell now and decide you want a property to rent out again in the future, you'll face the high ABSD rate when you buy again. This might affect the saleability of shoebox units in the future, and it might be better to upgrade to a single, larger three or four-bedder unit than to retain the shoebox.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 10. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين