For Sale  -  The Sail @ Marina Bay (D01)

S$ 1,800,000  Negotiable   |  S$ 2013.42 psf   |  894 sqft (83.05 sqm)    |  2 Beds   |  2 baths

*****AT A GLANCE*****

Good savings plan for investors!!!
-Tenanted at $4,300 per month till Nov 2021
- Est. Net rent = $4,300 x 0.8 = $3,440 (minus tax and maintenance fee)
- Let's just say At $1.75M
- Downpayment CPF $350k + Cash $87,500
- Installment over 30yrs @ 2% INT = $4,851
- Assuming CPF contribution $1,500 per month
- Cash commitment for installment = $0 (Installment - Net rent + cpf contribution)
- Principal loan paid down monthly = est. $3,200 (about 2/3 of installment goes to principal)

- Over 10-years;
Principal paid down = est. $384,000
CPF contributions = est. $218,000 (include accrued INT of 2.5%)
Outstanding loan = est. $959,000
Sale price $1,75M (without factoring inflation)
Sale Proceeds = est. $791,000 (inclusive of 25% DP)
Amount back to cpf = est. $218,000
Cash = est. $573,000
Est. ROE = $791k - $437,500 (DP) = $353,500
Est. ROE (%) = $353,500 / $437,500 x 100 = 80.8%
Est. ROE per year = 8.08%
Est. Cash on Cash ROE = $573,000 (cash) / $87,500 (DP) = 6.548 * 100 = 655% / 10 yrs = 65% p.a.

So is Property a good investment vehicle? You bet. As you’ve heard; don’t wait to buy, buy to wait. Do not time the market, rather, time your age for the purpose of leveraging.

Good comm for co-broke agents.

+ Serious seller
+ 2 bedroom plus study
+ Very high floor, above #57, Tower 2
+ Pockets of city, sea and Sentosa views
+ Sky terrace @ Level 44 with MBS and fireworks view
+ Full condo facilities including tennis ct @ L8
+ Tenanted @ $4300/month till Nov 2021
+ Sale with tenancy with close to 3% rental yield
+ Invest and wait for the next wave of price hike when Greater Southern waterfront is built with new homes at higher land prices

Gary @ 9851 4866 (viewing by appt only)

The Sail @ Marina Bay is located in District 01, CORE CENTRAL REGION (CCR), minutes walk to Raffles Place, Downtown and Marina Bay MRT Station.

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    Property Information

    Development Name:
    The Sail @ Marina Bay
    Property Type:Apartment
    Developer:City Development Ltd
    Tenure:99-year Leasehold
    Completion Year:2008

    Special Features:

    • Corner Unit
    • Sea View
    • City View
    • High Floor

    Features:

    • Air conditioning
    • Bathtub
    • Cooker Hob/Hood
    • Intercom
    • Water Heater

    Features:

    • Bed
    • Dryer
    • Fridge
    • Living Room Furniture
    • Television
    • Washing Machine

    Amenities

    BBQ pits Clubhouse Gymnasium room Playground
    Sky Lounge Spa pool Steam bath Swimming pool
    Tennis courts Wading pool

    Location

    2, Marina Boulevard
    Singapore 018987
    Nearest MRT Station
    • DT17 Downtown MRT Station (0.29 km)
    • NS26 Raffles Place MRT Station (0.3 km)
    • NS26 Raffles Place MRT Station (0.31 km)

    Nearest Schools
    • AusEd-UniEd Singapore Pte. Ltd. (0.73 km)
    • Columbia Business School (0.73 km)
    • FY Institute of Technology (0.96 km)

    Contact Agent about This Listing

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    Gary Goh
    Senior Associate Group Director
    ORANGETEE & TIE PTE LTD
    garygoh.property@gmail.com
    CEA Licence No.:
    L3009250K / R044561H
    +(65) 9851 4866