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Asia USA Realty (Singapore) asiahomes.com Pte Ltd  
Estate Agents Licence No. L3007306B
14 Mar 2011   
Focus:  We get for you affordable Singapore homes
Rent or Investment
LEONIE GARDENS
Downtown Singapore
 
23, 25, 27 Leonie Hill, 10-minute walk Orchard or Somerset subway and Orchard Road.  99 year leasehold.  Completed around 1993.

138 units.
3-bedroom 161, 163 sq. m
4-bedroom (1-level, high-rise blocks x 2).
236 - 336 sq. m.
4-bedroom maisonette (2-levels, low-rise block x 1).
236 -336 sq. m
6-bedroom Penthouse 600 sq. m (6,500 sq. ft).

Upgrading of facilities done in 2001. Squash court, sauna, playground, barbecue pits, putting green. Huge landscaped waterfall koi pond. Audio-visual intercom system. 

2 swimming pools for adults - one for lap training and one free-form, children's pool, gym, tennis court

Singapore condos - Leonie Gardens - one of two pools Singapore condos - Leonie Gardens - big koi pond
Big swimming pool The huge koi pond with cascading waterfalls and lush landscaping make this condo extremely tranquil-looking and attractive. 
Singapore condos - Leonie Gardens - one of two pools Singapore condos - Leonie Gardens, Horizon Towers, Leonie Condotel
Downtown location 10-min walk to Orchard Road

Advantages:

Great location.  A 10-minute walk to Orchard Road and 2 subways (Orchard & Somerset) and many shopping malls like the Takashimaya Shopping Centre and Cold Storage supermarkets in Orchard Road and the Great World City.   

2 bedrooms have attached bathrooms.  However, the toilet bowls in 2 bathrooms are blue and pink and most owners have not changed to the white ones seen in modern condos.  These dated bath tubs affect rentability adversely.

Outside the CBD (Central Business District) Restricted Zone's toll gate and therefore no need to pay electronic  tolls per entry.   
Big koi pond, luxuriant landscaped gardens, squash court and a resort type ambience as well as other qualities have had attracted a large expatriate community.

Disadvantages:

Many units have blocked views. 

Central air conditioners need more attention as they are much harder for the Landlord to maintain when they leak water. Many Owners have had replaced with split unit air conditioners.

The kitchen window faces a blank wall of another apartment in some units instead of views of trees and buildings and many wives don't like this.

The balcony is too small for most units. Some do not have balconies.

Interiors:
Living and dining - marble; bedrooms - parquet. Small balcony, central air conditioning with individual room control.  White long bath but no separate shower cubicle in the master bedroom.  Split-level living and dining areas. 

Investors to note:
99-year leasehold. An excellent investment due to the great location. Great demand by Caucasian tenants.

 

FOR RENT
0907singapore_flag_gif.gif (9239 bytes)March 9, 2011    For Rent
23 Leonie Hill, Leonie Garden above 20th floor
5+1 rooms, 3,700 sq.ft, high floor, panoramic view , fully renovated. Rental per month: S$15,000 (partial furnished)
Other units available 
E-mail judy@asiahomes.com Tel: +65 9668 6468. 
TIPS FOR LANDLORDS
Case study for Singapore owners written in 2002:

Landlord: Gaudy apartment colours rent out slower.

"I am waiting for the Tenant's wishes before I renovate," said the Landlady of this 16th floor Paterson Tower to Asia USA Realty's American client.

  • The master bedroom's bathroom has new but orange pink long baths and sink set against shiny green and blue mosaic tiled walls.  Mosaic tiles are rarely seen in new condos.
  • The ventilation holes at the top end of the walls indicate that the apartment must be more than 20 years old. 
  • One room still had the window unit air conditioning and is full of junk items.
  • Other bathrooms still had the old mosaic tiles.
  • Living room's  grey-white marble tiles had deep brown stains.
  • Windows could not be opened.
  • Peeling of formica covering of the study desk in one room.

First-time Landlords: 

It is extremely costly to re-model an old apartment.  Try to use pastel colours, white bathroom accessories like white long baths and water closets and you will find it easier to attract tenants.

Gaudy colours are not appropriate.  Long baths, basins and toilet bowls are snow white in the 1999/2001 new condos. No more blue or maroon coloured ones.

The window unit air conditioners are seldom seen even in older renovated condos.  The maid's bathroom still has squatting toilet bowls in some new condos like The Anchorage but you must not install one.

If you are asking for $7,000 rental, please ensure you have the high quality finishes. Two years ago, there wasn't much choice in the Orchard Road area, but now, there are too many new condos.  Many owners do not know how to get the colours right. With spacious bedrooms and living rooms as an advantage, older condos such as the Paterson Tower will rent out easily but the rent will be at a discount.

In this case study, it is difficult for prospective tenants to "wait" for the outcome of your renovations to rent your place. They prefer to see what they get rather than anticipate. Therefore, such units will find it hard to get a good rent. If the rent is below market rate or the prospect is fixated on that condo and yours is the only one in the block, some tenants don't mind taking the risk that you will provide a good renovation.

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Subdivisions (condo & house details) has some of the details of the advertised condos.
Tel: +65 9668-6468, e-mail judy@asiahomes.com for viewings

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
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