jaggernaut wrote:@all, I wanted the land for speculation purposes. The land is 1/4 acre quoted at 4m but it's basically a waterlogged swamp at the moment. Also 3brm Greatwall apartments near mbs road are selling at 4m. Some nice apartments neighbouring Greatwall are also going for 4m and one can rent out immediately at about 25-30k. So which is the better investment.........the land or the apartment?
@jaggernaut, the best way to make this decison is to calculate your ROI for both.
In the case of land, it appreciates at a rate of say 30% per annum.
The 4m land will be worth 8m in 3 to 4 years, hence a good ROI.
Land will also give you a starting base to construct up to 30 3 bedroomed apartments in future/
For the building, the rate of appreciation is much lower. The rent is 360k per year. The ROI =11 Years.
The building is limited to further additions/developments.
Using these points above, you can decide wisely.
As Iron Sharpens Iron, So one Man Sharpens Another.