Me & My Property: Look west for better rental yields

Second CBD in Jurong will create jobs and fuel demand for homes there, says ERA senior exec

When buying property, ERA senior division director Neo Chee Seng looks at its upside potential, rentability, proximity to train stations, amenities and distance from the workplace and schools. He also advises buyers to check their loan eligibility an
When buying property, ERA senior division director Neo Chee Seng looks at its upside potential, rentability, proximity to train stations, amenities and distance from the workplace and schools. He also advises buyers to check their loan eligibility and ensure there is sufficient cash for a down payment. ST PHOTO: NG SOR LUAN
While waiting for their new home in Parc Clematis to be ready, Mr Neo and his family live in a three-bedroom rented unit, of about 1,300 to 1,400 sq ft in size, at Signature Park condominium (above) in Toh Tuck Road.
While waiting for their new home in Parc Clematis to be ready, Mr Neo and his family live in a three-bedroom rented unit, of about 1,300 to 1,400 sq ft in size, at Signature Park condominium (above) in Toh Tuck Road. ST PHOTO: NG SOR LUAN
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The western part of Singapore is an up-and-coming area and holds promise for property buyers looking for better rental yields, says ERA senior division director Neo Chee Seng.

The 48-year-old is waiting for his new home in Clementi, which will be completed around 2023. The 1,292 sq ft Parc Clematis condominium unit will have four bedrooms.

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A version of this article appeared in the print edition of The Sunday Times on October 25, 2020, with the headline Me & My Property: Look west for better rental yields. Subscribe