Looking for Feedback on investment property purchase from property bros here

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An honorable member of the Coffee Shop Has Just Posted the Following:

I am looking to pick up another investment property given the declining market for condos. Private condo, 999 or freehold. It will 2 bedrooms, probably around $800 psf. Looking in the Geylang area. What is your feedback in Lorong 6 -8? I notice there is a lot of budget priced hotels in the area and very convenient to makan places and MRT. I am looking to do more of an AirBnB type operation. Low key and flying under the radar. The yields are quite good. On regular rental, its over $2000 plus a month. On a AirBnB, I think can get $200 a night. Even if only 2/3 occupancy during the month, that is $4000. Anyone have any idea whether the potential rental clientele will be pimps and pros, or more likely tourists and visitors?

I am not normally familiar with geylang, as I am out in the East Coast area. But surprisingly, I am finding East Coast private condos are not weakening in price that much or as fast as other areas. And those that are reasonably priced are not in good or convenient locations. So, looking for Geylang as a means to maintain higher yields. Any feedback appreciated.


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