Singapore Real Estate Classifieds Singapore Housing Condos Apartments of Asia USA Realty advertised in Asiahomes Internet. Digital photo of JC Draycott by Asiahomes Internet.

Ref: 812071
Housing: J C Draycott
Location: City/Central
Case study: Realtor, Be aware of some Landlords' ploys not to pay standard agency commission
For Rent: Available for rent from January 1999. Expats, contact Asia USA Realtors or call (65) 9668 6468 or drsing@asiahomes.com to get the best deal.

J C DRAYCOTT

Date of report: December 7, 1998

• Location: 34 Draycott Drive, 5-minute drivewalk to Orchard subway, 2-minute walk to American & Tanglin Club.
• Age: Around 1 month old.

• Total no. of units: 35
  2-bedroom 797 sf (74 sm). 10 units. Type B.
  2-bedroom 850 sf (79 sm). 10 units. Type C.
  2-bedroom 958 sf (89 sm). 2 units. Type E. 12th and 13th floor.
  2-bedroom 1216 sf (incl 118 sf open terrace) or 113 sm (include 11 sm of open terrace) at lst level. One unit only. Type A. lst floor.
  3-bedroom 1033 sf (96 sqm). 12 units. Type D.
  13 storeys.

  Finishes: Living/dining - marble. Bedrooms - parquet. Master bathroom and lift lobby - marble. Built-in wardrobes, kitchen cabinet with counter top, air conditioning system. Audio-intercom system. Hot water supply to all bathrooms.

  Facilities: Basement car park (39 cars including one handicapped car parking lot), door card acess, outdoor jacuzzi pool, one male & female sauna room each at lst storey, 2 roof gardens, 24-hour security,

  Details: 2-bedroom has open-kitchen concept sited at one end of the living/dining room giving more liveable space. Suits single expats or couple. 2nd bedroom is very small. Master bedroom is small even for the 3-bedroom unit.

Occupancy Rate: Brand new. Great location. Will be popular with Americans, Japanese and Europeans in 1999. For rental, contact drsing@asiahomes.com

Competitors: New apartments 5-minute walk to Orchard Road, in the River Valley Road areas like Aspen Heights and UE Square Condos with full condo facilities.Aspen Heights' 2-bedroom are in great demand and most units have had been rented for around $3,000 - $4,000 with full condo facilities. Its 3-bedroom units are asking $3,500 - $4,500 as at December 7, 1998.

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

Investors to note: Freehold. Quite popular with the baby boomers. Very small bedroom. Old uninhabited building next door may be due for re-development. Construction of the Ardmore Park Condo in progress. May deter prospective tenants. Selling at around $950/sf as at December 7, 1998. Keen interest as it has great location and prospects for capital gains in the long term. Should be able to sell all if sales are below $900/sf but the Developer has increased prices.

Advantages:

1. Location 5-minute walk to Orchard Road is usually an excellent investment. The location always appeal to expatriates.
2. An upper class subdivision as condos here usually sells at above $1,000/sf even now but prices have had dropped too.
3. Low density.

Disadvantages:

1. Construction activity of the Ardmore Park Condo.
2. An uninhabited apartment block next door.
3. No big swimming pool or full condo facilities. Rent asked will be high and the brand new Aspen Heights 2 or 3 bedrooms with full condo facilities may be value-for-money for Caucasians families with small children.

Expats wanting the best deal, contact drsing@asiahomes.com or tel: (65) 9668 6468. Digital photo of JC Draycott by Asiahomes Internet.

• click thumbnail pix

Affordable Homes for Expats brought to you by Asiahomes Internet.
Blk 1002, Toa Payoh Lorong 8, #01-1477, Singapore 319074.
Tel: (65) 9668 6468. (65) 254 2728. Fax: (65) 256 0501. Owners/realtors,
email drsing@asiahomes.com to advertise your property for rent/sale.

Case study: Landlord, First time. Consult a good lawyer in a break-lease case.

"We hear from other agents that the standard practice is to give you 2 months' rent," said the Tenant who was a lawyer wanting to break the lease or assign to somebody. Advice was sought from Asia USA from a first-time Landlord.

The Law of Contract for tenancy requires a written tenancy agreement. Therefore, there is no "standard practice" in breaking lease. Much depends on the willingness of the Landlord to accept compensation. If not, there will be a breach of contract on the part of the Tenant. Do consult a good lawyer when in doubt rather than verbally promise the Tenant anything.

In fact, it is best NOT to say anything and get a lawyer to handle the case as the Tenant gets nasty saying you renege on your "oral" promises or suggestions which are not within his/her desired objectives. Consultation fees should be around $150 but much depends on the lawyer and work done.

Having problems renting your condo? Why not pay $13.50
to advertise in www.asiahomes.com.
Expats relocating to Singapore use this website frequently as a starting point (see "About Asia USA" as it is full of information and photographs on Singapore rental housing. You have 90 days and 24-hour exposure of your property direct to other prospects including realtors. Email drsing@asiahomes.com