0604Singapore real estate, Chatsworth Court condos.
Owners & Realtors, one direct internet ad contact expats direct, may save you over $5,000 in agency or co-broking fees. Email your ad to: judy@asiahomes.com, visit Asiahomes Internet

Last updated: 21 Oct 2002

CHATSWORTH COURT
Research supported by Asiahomes Internet

1 Chatsworth Road.   Completed: 1976. 
45 units. 

3-bedroom: 245 sq. m.
4-bedroom: 245, 329 sq. m.
Penthouse: 620 sq. m

INTERIOR: Separate living and dining areas. A terrazo-type tile if not renovated. Marble, carpet or wood strips if renovated. Bedrooms - parquet. Good sized balcony off the living area.

FACILITIES: Pool and covered car park lots. 

Condo is popular with expats especially renovated ones as location is great, being a 5-minute taxi to Orchard Rd/Raffles Place.
For rental, contact judy@asiahomes.com

COMPETITORS: Few condos have over 3,400 sq. ft of built-in areas. 
Beverly Hill (86 units), Regency Park (292 units) nearby.  Newer Aspen Heights Condo Penthouses of 2700 and 3200 sq. ft 5+1 offering $9,000 - $12,000 rent. Newer UE Square maisonettes and penthouses asking $9,000 - $10,000 are alternatives. Contact judy@asiahomes.com for details.

Newcomer expat: Please contact Rental Realtors of Asia USA or judy@asiahomes.com help you get the best deal.



House hunting Reference: 
June 2001. One unit for rent: $10,500
Aug 31 2001 Chatsworth Court $8,000

Investors to note: Freehold. Buy high floors with good views.

ADVANTAGES:

Location near Orchard Road and shopping malls.

Big built-in areas. Bigger bedrooms and separate living and dining rooms.

2 attached baths for 4+1.

Large master bedroom, some with good city views.

15-minute walk to the Tanglin Mall, a Caucasian's favourite supermarket if you don't have a car.

5-minute bus ride to Overseas Family School, ISS International School at Paterson Road.

5-minute taxi to Orchard Road and all malls/food and beverages.

5-minute taxi to the Great World Shopping Centre and cinemas.

Upgraded and looks as good as new.

DISADVANTAGES:

Not within walking distance to the subway although energetic expats can take around 15-20 minutes brisk walk to reach the Orchard subway.

No tennis court, No squash court or gym. 

Dated units, but some units have not been renovated. 

Case study: Landlord, Be aware of the rental market.

"How much rent did my brother get for his Costa Rhu Condo?" asked the Landlord of the Gentle Villa semi-detached? $6,000 was the answer of Asia USA Realtor. "Get me a $6,000 tenant then" the Landlord said. This was in 1998, a recession year for Singapore.

Although the Gentle Villa 5+1 semi-detached cost much more than the 4+1 Costa Rhu water facing condo in purchase price, it did not attract as many Caucasian expats as tenants as it does not have swimming pool, gym or any condo facilities.

The offer of $4,900 p/f was rejected even though it had the following advantages:

1. Couple with grown up child (less wear and tear of house compared to small kids).
2. 2 dogs (may be disadvantage if you think of the garden and carpet grass but advantage if you think of robbers).
3. Not asking for new appliances.
4. Commencement in less than 3 weeks' time.

A target of $6,000 might be possible but it may take months to get a tenant.  The vacant house in the hot and humid Singapore deteriorates fast  when there are no occupants for over few months. Returns on investment in semi-detached are very low. These type of properties have no condo facilities. They do not attract many expats. 

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 as it has lots 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 judy@asiahomes.com