Investment Strategies – Renting Out Your Hillhaven Condo

Real estate can be a powerful investment for those looking to generate long-term wealth. However, investors should consider their goals and the amount of time they can devote to a property.

Investors can choose from several investment strategies, including single-family rental property, apartment buildings, and even real estate wholesaling. Each strategy has different advantages and disadvantages and will fit differently into an investor’s portfolio.

1. Sell it

If you don’t need the cash from the sale to buy your next property and can feasibly get more in monthly rents than you are paying for mortgage, insurance, property taxes and HOA fees, then renting out your Hillhaven condo might be the right strategy for you. However, you’ll need to be aware of the pitfalls of becoming a landlord.

The Urban Redevelopment Authority of Singapore envisions the Hillview district as a residential community that balances modern city living with strong connections to nature. Its proximity to the Bukit Timah Nature Reserve and other green spaces, including Hindhede, Dairy Farm and Bukit Batok Nature Park, will allow residents to enjoy outdoor activities and experience tranquility in a natural environment.

The district’s location near the Hillview MRT station on the Downtown Line will allow residents to travel across the city quickly and efficiently. There are also plans to improve last-mile connectivity by implementing bike-sharing programs and pedestrian-friendly pathways.

2. Lease it

Hillhaven Condo is a new residential estate situated in a quiet enclave, within six minutes’ walk of Hillview MRT station and surrounded by Bukit Timah Nature Reserve, Hindhede Nature Park, Dairy Farm Nature Park, and Bukit Batok Town Park. It is a joint-venture development between Far East Organization and Sekisui House Limited, and offers residents state-of-the-art amenities that are accessible.

The proximity to a wide range of quality education institutions makes this a very good location for families with children. Nan Hua Primary School is right next door, and other top-ranking schools are not too far away either.

Hillhaven also boasts excellent connectivity to the rest of Singapore by way of major expressways like the BKE and PIE, giving its residents multiple routes to access different parts of the city-state quickly. In addition, the area is well served by public transport options such as bus services and the Downtown Line MRT station.

3. Rent it out

Renting out your Hillhaven Condo can be a great way to generate a steady stream of income, while simultaneously building equity. However, it is important to choose a location that offers a high-quality living environment and convenient amenities. Additionally, it is necessary to keep a close eye on the market and comparable properties to ensure you’re charging competitive rates.

The Hillhaven District is undergoing significant redevelopment and growth. The URA plans to create eco-corridors that will encourage biodiversity, as well as urban farming patches and extensive green rooftops. The area is also surrounded by quality educational institutions, including the German European School Singapore and CHIJ Our Lady Queen of Peace.

Additionally, the Hillview MRT station on the Downtown Line offers fast access to the rest of the city. Combined with the efficient bus services that run throughout the region, residents can enjoy seamless, cost-effective, and convenient commutes to their destinations.

4. Rent to Own

If you have been unable to save up for a down payment on a home, or your credit score isn’t high enough to qualify for a mortgage, then rent to own might make sense for you. This way, you can start building up a down payment over a few years and eventually move into your own home.

The Hillhaven condo is located on the eastern edge of the Jurong Lake District, which is being transformed into Singapore’s 2nd Central Business District. This will bring in jobs and demand for accommodation and should boost capital appreciation potential.

However, it’s important to consider the risks. The purchase price you lock in at the beginning of your lease may be inflated to cover rising home values, and you could end up paying more than what it is actually worth. Also, rental properties require ongoing maintenance and upkeep that can be costly if left neglected. So, it’s best to treat them like you would any other property purchase, getting a home inspection and consulting a real estate lawyer before signing an agreement.