0614 Singapore real estate condos,apartments,houses advertised by internet property agency asiahomes.com, Singapore

Nassim Mansions
research report sponsored by AsiaHomes Internet, affordable internet advertisements.

Case study: An unhappy Owner's representative.

32 & 40 Nassim Hill, 2-minute walk to Botanic Gardens and then Napier Road with buses and taxis to Orchard Road in 5 minutes.

Completed: 1979. 72 units.

3-bedroom: 265 sq. m
4-bedroom: 317 - 327 sq. m
Penthouse: 542 - 671 sq. m
11-levels only.

Finishes:
Living/dining - marble tiles. Bedrooms - natural timber strips. Built-in wardrobes, kitchen cabinet, cooker hob and hood and air conditioning system depending on renovations by Landlords.

Facilities:
Swimming pool, tennis court, covered car park, 24-hours security.

Occupancy Rate:
Almost 100%. Popular with expatriates who want tranquil green tree, privacy and near Orchard Road location.

For rental, contact judy@asiahomes.com

Competitors:
Few spacious condos downtown surrounded by greenery.

Newcomer expat: Please contact Asia USA judy@asiahomes.com to help you get the best deal.

Investors to note: Freehold. Very rentable if renovated. Attracts senior management type of expats, but many Caucasian wives want modern bathrooms in the newer condos.

Advantages:

Location near Orchard Road and prime high class Nassim area where multi-millionaires and ambassadors live.
Lush greenery, neat the Botanic Gardens.
Near many shopping malls and supermarkets in Orchard Road, esp. Tanglin Mall, a Caucasian favourite.
Low density is an important consideration for most Caucasian expats in senior management.
4-levels only, not so intimidating as 30 levels in The Bayshore condos.
Big balconies.

Disadvantages:

High rentals despite the fact that many units have not been renovated.
New penthouses like Avalon 4+1 4,200 sq. ft have had been rented at $16,000.
No gym unlike some new condos nearby.

For Rent:
July 30, 2000.
4+1 3,500 sq. ft $16,000 (above 5th floor). Renovated.

3+1 3,000 sq. ft $15,500 (4th floor).

Nov 13, 1998.
4+1 2,950 sq. ft $10,800 (2nd floor). Singapore was in recession.

Other units, call 9668 6468 or judy@asiahomes.com

Case Study: An unhappy Owner's representative..

"I'll be resigning as Secretary for Ms Hui but I want to find out why her house has not been rented?" queried Amy, who was the Secretary and was an ex-realtor who gave up the long odd hours of real estate work. It was nice of her to get the feedback for her boss.

A main reason for any Landlord not being able to rent his house fast is the difficulty in contacting the Landlord to get the keys or to get the representative to open the door. In Ms Hui's case, all realtors must go to her house to get the keys and then to return on the same day. This gets very discouraging as it takes up a lot of the realtor's time.

Some Owners engaged a friend or an Owner's representative to hold the keys while appointing an agent to show it. The Owner would or would not advertise. I had a case of an Owner's representative who drove by in her Mercedes to open the D'Grove Villa condo for me to view at a weekday lunch-time.

Her unsmiling face radiated displeasure. The co-broking realtor representing the Landlord was not punctual.

As there are many keen Owners available, most realtors will stop contacting an unhappy Owner's Representative after a while.

One success in getting a Tenant fast is to show the unit at the convenience of the prospective Tenant as there are fewer opportunities as at July 30, 2000, owing to a glut of properties available for rent.