Last month, I posted a house tour of my parents’ 4-room HDB in Yishun.
My parents rented it out at a record high of $2,800/mth.
Prior to listing the property, I research and tabulate the 30 HDB blocks nearby, in the last 1 year.
- Lowest $1,200
- Highest $2,400
- Average $1,998
- Median $2,000
I listed it on Carousell for $2,500 initially (just $100 more than highest), but the offer came in higher and higher, and we ended up taking a 2-year corporate lease for $2,800/mth.
The only difference with corporate lease is that the company is the one paying for the tenants (the tenants still pay for water/gas/electricity and others).
I share 4 tips:
- Don’t use property agent
- Have ample time & use the 37% rule
- Be transparent