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visit Asiahomes Internet 1212Singapore Real Estate, UE Square condos, Rental Houses, Apartments, Homes Singapore Classifieds, Internet Property Advertisements published by: Asiahomes Internet Last updated: 08 Jun 2002 TIPS FOR LANDLORD Research supported by Asiahomes Internet |
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"Any viewing this weekend?" enquired an anxious Owner of a two-bedroom Tanglin Regency almost every week. I did have viewings for his condo but the negative feedback was the "construction site of the Tanglin View" adjoining the unit would be noisy. Strength:
Weakness:
Yet, surprising, I had an Australian couple who did not mind the construction activities, as they appreciated his quality of furnishing more! We had several viewings with no response and now there is one ready to close.
(in this case, our Australian couple wanted a king-sized bed but the Landlord said it could not be relocated to the 2nd bedroom). Every Landlord wants the best highest rental but be aware of the unit's strengths and weaknesses and act flexibly. "Is there any light at the end of the tunnel?" asked the Owner frequently. The apartment was not rentable. However, due to his persistent phone calls, our agents had kept his unit in mind. An Australian couple with no children (therefore his light coloured fabric sofa would not be stained) was willing to lease. It would be a company lease - a well known international cinema operator. Rental was offered at $3,500 but he wanted $4,000 (to recoup his furnishing costs). It was $4,000 or no further negotiations. Advice to new Landlords: Sit down and write how many viewings you had over the past 2 months. Seek feedback from various agents who had seen your condo. Since there were so many other units, there was no problem getting one. If you wait another 2 months' vacancy when the piling starts, you would lose $7,000 in rental income. Add 6 months' vacancy when trucks come in and out of the Tanglin View construction site with piles of dirt and the loss would be $21,000. After being rejected by this Owner, I found another unit in the same condo, not facing construction. The tenant was allowed to choose her furniture and tenancy commenced within 7 days (not 30 days as in some cases). The Landlord was more investment-minded and realistic. 2-bedroom in Tanglin Regency has been rented from $2,300 fully furnished and $3,500 for a 3-bedroom of 1,100 sq .ft would be considered a "good" rental. Corporate lease (better than personal lease) and immediate occupany were 2 favourable factors to be considered by the second Owner too. In the case of the Australian
couple, the wife broke her back when the "new" mattress
of the previous new UE condo gave way. She rented without seeing
the furniture and the landlady had purchased a sofa set with hard
cushions. So, she tested this unit's furnishing and liked it.
Both husband and wife like Tanglin Regency, otherwise there would
be no closing. |
INTERNET ADVERTISEMENT
by james@asiahomes.com
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UE Square has courtyard facing or pool facing units. Expats sunbathing on a Sunday afternoon in May 2002. |
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Expats
who romance history will like this Everton Road shophome for rent at $8,000. Near Chinatown and a 5-min walk to the Outram subway or a 5-min drive to Raffles Place. Other shophouses for rent from $3,500 - $20,000 See also: Subdivision rentals - condos & houses Updates: Tel: +65 9668 6468 or judy@asiahomes.com Newcomer expat: Please contact judy@asiahomes.com to help you get the best deal. For more information on rentals or FREE house-hunting for expats relocating to Singapore, email Judy Quek, tel: +65 9668 6468, 6254 3326, 6254 2728, goto http://www.asiahomes.com © 1996-02 · Asiahomes Internet · more condos, page 2 Asia USA Realty | Asia USA Realtors | AsiaHomes Internet |