To search for a reasonable property for investment purpose, below are the selection criteria that we look for:-
1. Increasing population area
2. Good location with great amenities
3. Affordability for renter
4. Affordability for myself
We focused ourselves at condo/1-storey terrace house. We found a few that attracts us but they are either too pricey for a small sqft area, or the house is in bad condition (too much reno work required), or the possibility for the house to be rented out is low.
Until quite recently, in Feb to be exact, my mom suddenly wanted to check out Gold Coast Morib. Her intention was to survey for her company’s family day event. So there we went. After chit chat session, we came to a decision to buy a 3bedroom service apartment. We came to that decision quite fast without having second thoughts. Yeah I know crazy =) but hey the returns is very interesting! Plus I don’t have to worry about getting people to rent the unit. I will lease the unit to GCR management for a period of time. Plus point is the unit is fully furnished. And we get to spend 8days annually at the resort, besides the 8% + 5% return.
I’m now a proud owner of an asset!! Weehee!!!
So I’ll leave you with some pictures of the apartment.
|dining hall. love the partition between dining & living hall|
|view from living hall|