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Asia USA Realty
(Singapore)
asiahomes.com Pte Ltd
Estate Agents Licence No.
L3007306B
23 Mar 2011
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Focus:
We
get for you affordable Singapore homes
Rent or Investment |
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RICHMOND PARK
Downtown Singapore |
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3 Bideford Road. 159 units. Completed: 1996.
Studio: 94 sq m
2-bedroom: 117, 120 sq m
3-bedroom: 144, 161 sq m
Penthouse: 229, 314 sq m
Interiors: Living/dining - marble tiles. Bedrooms - parquet. Built-in
wardrobes and usual kitchen appliances and air conditioning.
Facilities: Covered car
park, pool, wading pool, small gym, squash court, tennis courts x 2,
24-hour security, playground, multi-purpose hall.
Investors: Freehold. Occupancy
Rate: Very few units available for rent due to its great location near to
Orchard Road & Orchard subway. Such apartments are in great demand.
Special Characteristics:
"Fogged windows" Due to security reasons, some units
facing the Presidential Palace or "Istana" have windows which become
cloudy as you get close to it. Such units are not easy to rent. This
characteristic is present in some UE Square Condos as well.
In Richmond Park, floor levels #17-03 to #23-03 have these "fogged window" characteristics
and rents will be discounted.
Advantages:
- Location on the door
step of Orchard Road and Somerset subway, the Orchard Road shopping
malls, supermarkets & cafes. One block. Low density.
- Full condo facilities.
- Within a 5-minute
drive to the American and Tanglin Clubs.
- No problem getting
taxis or buses.
Disadvantages:
- Inside the Central
Business District "Restricted Zone". This means you have to pay tolls
electronically every time you get out of the zone and enter your zone to
go to your apartment.
- Traffic noise
unavoidable.
- Units facing the Mount
Elizabeth Hospital are avoided by some expats, especially Asian Chinese.
Units ending with #FF-06 face the Hospital.
- Crowds everywhere as
you are in the midst of the most popular shopping belt of Singapore.
- Rent asked more than
$5.00 per sq. ft, but single bankers and executives who have the budget
just love Richmond Park. Rent may be cheaper on lower floors and those
facing the Mount Elizabeth Hospital. Many expats just don't like to see
the hospital.
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FOR RENT |
 March
23, 2011
For Rent
Advert by Realtor: Richmond Park 2-bedroom 1295 sq ft,
$6,500
Other units are available.
E-mail
judy@asiahomes.com Tel: +65
9668 6468.
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TIPS FOR
INVESTORS |
INVESTING IN A 2-BEDROOM CONDO OR STUDIO?
Report written in 2002.
In response to FAQ from surfers, the following is a very brief advice on
investing in rental properties in Singapore. Much depends on timing as the
property cycle goes to peak and bust too.
Many Singaporean investors have had bought on speculation in the past 3
years. Now many developments are available and it is hard to find quality
tenants. There are many local and Indonesian buyers as at February 1,1999.
Rents had fallen to S$1400 for a 2-bedroom Cascadale Condo or $1600 for
the brand new Changi Green Condo in outlying districts for example.
A few factors to look for when buying 2-bedroom investment condos are as
follows:
1. Rentability. Near Raffles Place and Suntec City will be the ideal condo
as most expats work around that area..
2. Location: Orchard Road if you can afford it.
3. Near subway.
4. Brand new but looks do count. The darling of 1998, e.g. the UE Square
Condo, near Raffles Place but built like an office block has been replaced
by the newer Aspen Heights Condo.
Looks do count.
Looks don't count much, if your condo is located in the middle of Orchard
Road and very near the subway, e.g. the Richmond Park Condo (see above
report).
6. More than 99-year leasehold is advised.
7. Studio or 2-bedroom?
Single tenants or young expat families do have a lot of belongings and may
have friends visiting; they usually prefer a 2-bedroom.
Try to avoid investing in
a studio as this narrows your choice of tenants. When buying off-the-plan,
check whether the units face the Istana as you don't want to be encumbered
with the "foggy window" situation when the apartment is ready. |
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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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