Asia USA Realty (Singapore)
asiahomes.com Pte Ltd - Real Estate Department.
23 May 2005.
Focus: We get for
you affordable Singapore homes. Rent or Investment
WANT to rent or buy Singapore homes?
*E-mail details of your specifications to
*Tel/SMS: +65 9668-6468, 6254- 3326, 9668-6469.
*Fax: +65 6256-0501 for viewing or updates.
house-hunting form. Fill in the form and fax to 6256-0501 or
email@example.com. We will contact you within 24- 48 hours.
www.asiahomes.com for more detailed information.
INTERNET ADVERT RATES
($13.50/40 words/90 days. Add $14/picture 600X600 pixels). E-mail
your advert/query to
firstname.lastname@example.org or tel: +65 9668-6468.
Pictures of one-bedroom apartments
displayed. For sales prices, e-mail to
A one-bedroom with a air conditioned study room for rent at $3,500. A
balcony, clear city and river views, maroon marble flooring, TV
Marble flooring - 2 types. One is much darker than the other.
from the bedroom from higher floors.
A small study room opposite the kitchen of this one-bedroom apartment.
Typical kitchen of The River Place condos.
The main complaint is that many of the kitchens is dark.
Education of asiahomes.com realtors
Case study: Will the American Doctor get his waterfront beauty?
On Sunday July 9, 2000, an American expat doctor liked a ground floor River Place
apartment just beside the green and clean Singapore river as shown in the image above,
after a grueling hot house hunting trip
in which he downed at least three 500-ml bottles of
water, topping up the bottles at Aspen Heights
and Mirage Tower apartments visited.
I thought he was polydipsic (drank a lot of water more
than normal. I asked whether he had had a diabetes check up by his doctor?
"No," he said. He drank to prevent dehydration.
This River Place condo was love at first sight. The sea breezes wafted a salty aroma
from across the Robertson Quay promenade at 5.30 p.m. We were soothed by the slow
flow of the crystal clear river flowing into the mouth of the Singapore River to the sea
passing the historic conservation shophouses where coolies in bum boats plying the
Singapore River, traders and immigrants worked very hard spending most of their lives to
eke a livelihood and in the process built up a modern Singapore.
Joggers, mainly young Caucasians jogged along the river banks.
Mothers cross a bridge spanning the Singapore from the condo (not seen, but left in
picture) to get to supermarket, Robertson
Quay pubs and food joints. There is an underpass to jog to Clarke Quay (far
left of picture). His practice which caters
exclusively to Caucasian expatriates, at Raffles Place was less than a 5-minute
drive, across the road.
However, the American wanted to see more apartments and houses on July 13 when he would be
back to Singapore. He saw more condos but none caused his heart to flutter with joy.
In the evening, he decided to take this direct water fronting River Place
apartment at $6,000 rent as advertised by the Owner via his agent on July 9th. He
had to fly back to America again.
On July 14 at 9 a.m, I contacted the co-broking agent representing the Owner offering to
hand him personally the Letter of Intent and a good faith deposit of $6,000.
All he had to do was to bring the Letter to the Owner with a $6,000 cheque and get it
"Wait..wait..wait, let me hear your terms and conditions and talk to the Owner,"
said Realtor Kerry. He said confidently that there would be no problem. He was
busy and had "no time" to follow up.
At 4 p.m, I contacted him to find out
what was happening. He then contacted the Owner. The co-owner was agreeable to
the offer. Within 30 minutes, the Owner called him to say that he had a better offer
of $6,500 from another realtor.
Realtors representing Owners who do not give exclusive marketing rights must know that
time is of the essence. You rarely get Letters of Intent and cheques for most
apartments you take the risk to advertise for tenants.
If there is a bona fide offer with a good faith deposit cheque ready, you should act
promptly. Give priority to this case as you are self-employed and you don't
earn any cent if you don't close a case.
July 2000 was a peak season for rentals. The River Place apartments were hot and the
low rise apartments by the Singapore River are few and therefore, decisions must be
Co-broking realtors representing Owners on a non-exclusive basis would be wasting time and
money if they were not nimble and fast enough. What was better than a written Letter of
Intent accompanied by a cheque giving the $6,000 rent which the Owner was
targeting? There is no loyalty from the Owner if you can't perform.
Obviously, the Owner was waging a bidding war. How about $6,700? The Owner was
not interested and wanted to give the other agent an opportunity to bring the good faith
deposit the next day. The co-broking agent was so sure he was not the type. Why
shouldn't Owners get the highest best offer for their investment condos?
"How do you know, when he has rejected your offer?" I asked him. Just
because the Owner was a professional, it did not eliminate him from waging a bidding war.
My point was that he should not have played a waiting game. He ought to have
seen the Owner, gave the good faith deposit rather than use the
Time is of the essence really has a deep meaning once we lose such a case by 30 minutes.
Even the act of giving a Letter of Intent and a cheque would make the Owner remember you
above all other realtors as it is not every day that an Owner receives a cheque
too. It shows you are "good" at your profession and that you have
the "expat" clientele or know where to find them.
Get to know your priorities and be proactive if you want to be successful in your
profession. Relocating expats may need to be decisive if they walk into an apartment
and liked it. Assess whether the condo is really popular if you do not trust your
realtor. There's a big demand for "great location, brand new, direct water
frontage and ground floor apartments". The ground floor units form a handful in any
condo development hence the demand exceeds supply as many Caucasian expatriates dislike
living in higher floors.
A letter of intent is just the beginning of a bidding war, as in this case. If the
expatriate had been decisive earlier, there would be a closing at $6,000. Now, this
bidding war had upped the rent by more than 10% as the Landlord knows that ground floor
units are in demand by Caucasians. He could afford to wait and see who gave him a
In this case, the doctor outbidded the other prospective tenant and got his condo. If he
had decided one week earlier, he might have saved some rental money.
Time is of the
essence in any high demand property transaction. You have to be aware
of the dynamics of the situation as each case is
different and each co-broking agent has different
degrees of professionalism.
MANY RENTAL PHOTO ADS
FOR RENT TO EXPATS
EXPATS RELOCATING TO
Subdivisions (Singapore condo & house details of interest
to expats). Then, goto:
SINGAPORE STREET DIRECTORY
Search "Singapore Street Directory" to get online maps.
©Asia USA Realty (Singapore) asiahomes.com
House Agent's Licence No. AD041-07306B
Blk 1002, Toa
Payoh Lor 8, #01-1477,
Singapore 319074, Republic of Singapore
or fax house-hunting form to us at 6256-0501 and we will contact
you within 24- 48 hours.
Mobile Tel: +65 9668-6468, 9668-6469.
Tel: +65 6254-3326, Fax: +65 6256-0501
e-mail: email@example.com to get a list of housing or to view
housing in Singapore.
UPDATED LISTINGS OF RENTALS IN SINGAPORE
near the American School)
Jan 5 2002. Pebble Bay's competitors
Dec 18 2001 Pictures - 2-bedroom Pebble Bay unit, Suspension Bridge,
Indoor Stadium, Sanctuary Green & Water Place condos under construction.
Pebble Bay 2-bedroom units for rent & picture of golf driving range.
Subdivisions: Other condos & houses for rent
Images of interior from a top floor $14,000 "penthouse"
Research report on Pebble Bay with internal floor areas of all the units.
Image from Costa Rhu condo's Livonia & Charonia block.
Floor plans & photos
Twelve images of interiors of a 4+2 2626 sq. ft $9,000
1. Click the below button to pay online.
2. Write amount & Post cheque payable to ASIAHOMES
INTERNET, to Blk 1002, Toa Payoh Lor 8, #01-1477, Singapore 319074.
3. Transfer your payment money in S$ to Singapore Post Office
Savings Bank Account No.
195-00553-2 at the ATM machine and inform us by email to