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Asia USA Realty
(Singapore)
asiahomes.com Pte Ltd
Estate Agents Licence No.
L3007306B
19 Mar 2011
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Focus:
We
get for you affordable Singapore homes
Rent or Investment |
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CAMELOT
East Singapore |
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Tanjong Rhu Road. Land tenure : 99 years leasehold with effect from
June 1996. Completed: mid 2000. 99 units.
3 and 4 bedrooms.
Penthouses have 4 bedrooms on level one and a bedroom with an
attached bath on level two. A roof top terrace with jacuzzi extends
from the upper level of the Penthouse. There are only 9 units of
3-bedroom condos.
 Penthouse
with roof terrace & jacuzzi are in great demand. Penthouse rentals
of 4+1 3035 sq. ft were from $10,000 - $13,000 in 2002.
Rentals are closer to $16,000 for the 5000 sq ft penthouses in 2011.
Most
Caucasians just love these penthouses or the spacious balconies,
usually swept by fresh river breezes and seeing clear and green
river ripples make them closer to nature. Most units have no problem
finding tenants.
Interiors:
Marble flooring in the living and dining areas and wood in the
bedrooms. Walk in wardrobe for master bedroom and wardrobe for
all bedrooms. Big balconies from living and dining rooms
capture the sea and river breezes.
Private lift. CCTV provided to basement service lift lobbies. The
Powder room has no shower. Audio-visual intercom. Proximity card
access for vehicles to car park, lift lobbies at basement and
pedestrian entrance gates.
The kitchen has a central island counter complete with cooking hob
and hood. Yard area has kitchen cabinet with cooking hob and hood.
Upper penthouse family area has kitchenette cabinets.
Stainless steel Elba hob, hood, cooker, oven. Stainless steel
sink.
Smeg dishwasher. Hot water supply to all bathrooms and
kitchens except powder room, kitchenette and wet kitchen and maid's
bathroom.
Facilities:
Leisure pool 240 sq. m. Wading pool 30 sq. m. Lap pool
180 sq. m (narrow rectangular pool). A large jacuzzi pool under a
roof, 5 sq. m, near the lap pool.
One tennis court. Children's playground near the main pool.
Gym & BBQ area at one end of the lap pool. Steam baths in male and
female changing room.
Function room. Landscaped garden with water features.
Advantages:
Waterfront bedrooms and living rooms in some units.
Spa pool at roof terrace area for penthouses. High quality interior
finishes. Big sundeck beside main pool favoured by Caucasian sun
lovers. Within a 10-min drive to Suntec City or the East Coast
Recreation Park and beaches.
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Camelot_waterfront_balconies_Singapore.jpg) |
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River Views from the
master bedroom of the 4+1 fronting Kallang River.
Camelot's bay view units are in great demand. Rentals from
$8,000 - $10,000 in 2002. Rentals have increased in
2011. |
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Type |
Sq.
ft |
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A1G |
3240 |
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A1 |
2820 |
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A1P
(4th & 5th floor) |
5360 |
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A2G, A3G |
2723 |
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A2,A3 |
2433 |
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B1G |
3218 |
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B1P
(2nd & 3rd floor) |
5490 |
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B2G |
3186 |
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B2 |
2842 |
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B2P
(3rd & 4th floor) |
5500 |
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B3G |
3294 |
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B3 |
2874 |
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B3P
(6th & 7th floor) |
5500 |
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B4G |
3186 |
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B4 |
2745 |
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B4P
(7th & 8th floor) |
5113 |
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B5
(4th-10th floor) |
2637 |
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B5P
(11th & 12th floor) |
5048 |
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B6
(4th-13th floor) |
2648 |
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B6P
(14th &15th floor) |
no
figures given in brochure |
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B7G |
3025 |
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B7 |
2626 |
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B7P
(14th & 15th floor) |
no
figures given in brochure |
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B8G |
3531 |
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B8 |
3035 |
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B8P
(19th & 20th floor) |
5834 |
G:
refers to ground floor with patio or private enclosed
space.
P: penthouse with two floors and rooftop jacuzzi.
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FOR RENT |
 March
19, 2011
For Rent
Advert by Realtor:
1. Mar 9, 2011. Camelot 4+1 3025 sq. ft $13,000
 2.
Mar 19, 2011. Camelot Penthouse 5+1 5048 sq ft $16,800
New renovation. 2-levels. Rooftop jacuzzi.
Other units available
E-mail
judy@asiahomes.com Tel: +65
9668 6468. |
TIPS FOR
TENANTS
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Case
written in 2002.
The corporate landlord will test your patience to the limit.
1. "Our lawyer will have to engross the tenancy agreement,
not your client's lawyer." said an angry executive of a rental
property for the corporate landlord.
2. "He has not replied in writing to our counter proposals
to his amendments dated earlier."
3. "He gives us a tenancy agreement printed out in his
Europe's office, stamped and signed by his Company. This
tenancy agreement has not been engrossed by our lawyers yet."
The prospective tenant had downloaded via email the
tenancy agreement and to expedite matters, had signed and
engrossed it first before sending it to Singapore's corporate
landlord.
4. "Tell your client that nothing has been confirmed till we
give him the tenancy agreement."
5. "If you don't know our procedures, let us deal direct
with your client."
"You don't expect us to give you our lawyer's tenancy agreement
within 2 days just because your client wants it."
For most expatriates not experienced in the laws of tenancy
agreement, "engross" means "to prepare the final hand written or
printed text of (an official document).
In this case, the prospective tenant managed to get the tenancy
agreement in an email file attachment and had his lawyer in
Europe to read through and download the Landlord's counter
proposals. He brought the agreement which had been signed
and stamped by his company.
However, the Singapore corporate Landlord was not interested in
this efficient action. His lawyer would have to
engross the tenancy agreement first, then courier it to Europe
and then courier it back to meet the deadline.
Nothing is finalized till the tenancy agreement has been signed.
Expatriate tenants are often left to wait as long as 8-12 weeks
for the corporate Landlord's lawyers and the administrators to
produce the final agreement. The bigger the corporate landlord,
the more levels of decision makers that the tenancy
agreement with its amendments will need to pass through.
If the prospective tenant email or pressurize the administrator
in charge via email or telephone calls, they may get an
antagonistic reaction and this may be detrimental to the closure
of the case.
The Singapore corporate landlord with one or two exceptions are
not nimble (in 2002).
UPDATE:
In 2011, many corporate landlords employ more supporting staff
and they work hard, sending e-mails, doing open houses and
interact with realtors.
The individual landlord can get a tenancy agreement signed
within 24 hours and get the tenant, but the corporate landlord
has "procedures" and many bureaucratic layers of busy officials
who have to approve the lease terms and the lawyers to vet
through.
Letter of Offer. There is firstly, the Letter
of Offer from the Landlord. The "Letter of Intent"
submitted by the Realtor is usually ignored but used as a basis
by the corporate Landlord to produce the Letter of Offer. This
may take a few days. The private individual landlord may
take a few minutes.
Forfeiture of good faith deposit. One
corporate Landlord wants to forfeit the good faith deposit (of
one month's rent) if the prospective Tenant disagrees with the
term and conditions of the Tenancy Agreement, after signing the
Letter of Offer. No Tenant is going to agree to this
when he has not even read the tenancy agreement. It is a
win-lose situation.
The only solution is to submit both together once the terms and
conditions of the Tenancy Agreement have been agreed by both
parties.
Bureaucracy. Whether it is the corporate
landlord's lawyers or the executives, but you will need several
weeks to finalize a tenancy agreement.
Usually the "decision maker" is busy or has gone overseas
and therefore is not available to sign the documents.
This delay is a common in most of the Singapore's corporate
landlord, disrupting furniture shipping plans.
It causes so much worries that the apartment may not be leased
to the expatriate as the offer to lease from the Landlord is
"subject to contract".
Take it or leave it attitude. Of course,
the process will be faster if the prospective tenant has no
objection to any clause in the Landlord's tenancy agreement, but
then, the Tenant's lawyers must have their say and amendments
too, contributing to the delays.
In conclusion, it is best for the first-time expatriate
tenant to be patient and not to contact the Landlord's
administrator direct.
Work with your realtor. In most cases,
the tenancy agreement will be engrossed by the Landlord's lawyer
and the tenant gets his apartment if your human resource manager
or lawyer does not throw obstacles or objections in the tenancy
agreement.
However, if you really like the unit, be prepared to accept the
demand of a 3-months' security deposit instead of 2 months as
some corporate landlords will not negotiate on this aspect.
Some corporate landlords even want you to pay their legal fees
for the preparation of the tenancy agreement!
I can only recommend that expats have a sense of humour to cope
with such a stressful situation or look for other units to rent.
For first-time individual Landlords, it is good
news that the corporate Landlord is as slow as the bigger
dinosaurs. However, many of his executive officers are very good
as some do get a small compensation to close the case in
addition to their regular salary.
One of two corporate landlords are really prompt and therefore,
you still have to be nimble and quick to compete with the big
boys! |
|
 CAMELOT
& PEBBLE BAY CONDOS
Caucasian expats who love cycling by the river and to the East
Coast Park and beaches will enjoy this breezy upscale
residential enclave.
A 5-minute walk to the Indoor Stadium's supermarkets and
entertainment (using a suspension bridge across the Kallang
River). |
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Subdivisions
(condo & house details) has some of the details of the
advertised condos. |
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Tel: +65 9668-6468,
e-mail
judy@asiahomes.com for viewings |
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ŠAsia USA Realty (Singapore) asiahomes.com
Pte Ltd. Website:
asiahomes.com.
Blk 1002, Toa Payoh Lor 8,
#01-1477,
Singapore 319074, Republic of Singapore
Estate Agents Licence No. L3007306B
Salesperson Name/Registration No. Sing Kong Yuen/R030822Z
Asia USA Realty (Singapore) asiahomes.com Pte
Ltd
Finding Affordable Homes For Expatriates |
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