Case study: Landlord, Being burglarised when putting up FOR RENT sign.
For Rent:
Dec 5, 2000.
3+1, 1,270 or 1,281 sq ft,
Around $3,000.
3 units.
Tel: +65
9668 6468 or Judy@
asiahomes.com to get the best deal. |
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17 Shanghai
Road, off River Valley Road. Completed: December
1998.
20 units, one 11-storey building. 2 units/floor.
3+utility:
1270 sq. ft,
1281 sq. ft (with private lift direct into living room).
Interiors:
Living separated from dining area - light brown marble tiles. Bedrooms - parquet.
The 1280 sq. ft 3-bedroom units from ...-01 series have a private lift
entering into the apartment area between the living and dining room. Bay
windows and one side window in the living area and in the 3 bedrooms from
floor 1 - 9.
On floor 10 and 11, there is one bay window in bedroom 2 while the living
area and other bedrooms and master bedroom have full length glass windows.
#10-01 faces the West and the beautiful green trees. There is a slight
afternoon sun brightening up the living area.
Singapore cable points in the living and master bedroom only.
3 store rooms whith bedroom 3 having a sliding out closet.
Kitchen:
Black counter top. Stainless steel dual basin sink, black cooker hood,
and hob. No oven. Freamed shower stall. Short white long bath. Cylinder gas.
Facilities:
Covered basement car park, small pool, big barbecue area, 24-hour security
guard. Sunbathing at the pool deck may be possible for morning sun as the
afternoon sun is blocked by another building.
Occupancy: Many expatriate
tenants who don't have children and want low density condos.
Competitors: Valley Park Condo with
full condo facilities is the nearest competitor. Dormer Park, the Tiara, Central
Green, Emerald Park, Aspen Heights and the Quayside. May suit single expats with
lesser rental budget.
Newcomer expat: Please email
judy@asiahomes.com help you
negotiate for better terms.
Investors: Freehold. Selling at $1,200
per sq. ft in 1999 and re-marketed in June 2000.
Advantages:
- Location near River Valley Road which has many buses and
taxis to downtown or Orchard Rd shopping malls.
- Food cafes, hawker stalls & eateries along River
Valley Road.
- Cold Storage Supermarket at the Great
World City Shopping Centre within 10-minute drive away.
- Low density, fewer children to make
noises.
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Disadvantages:
- Not within walking distance to the Tiong Bahru
subway.
- The absence of a gym and tennis court may not
attract a wider net of prospective Tenants who want full condo facilities.
Case study:
Landlord is worried about apartment being burglarised when putting up FOR RENT sign.
To: Landlords with ground floor condos."We
took down your "FOR RENT" notice because we are worried about the apartment
being burglarised," said the Owner's Representative who had earlier complained that
the "other" realtor was not performing.
This Gallop Gables Condo was facing a half-completed Condo (2nd phase of Gallop Gables)
and the Asia USA Realtor had spent a lot of money and time in
advertisement and promotion without success.
As he was given the keys, he gave attention to the promotion of this condo.
Ironically, the Gallop Gables management did not object
to the sign, placed discreetly on the sliding door and bedrooms.
Although there is no guarantee, a "FOR RENT" sign for low floor rental
properties do let agents & neighbouring tenants know that the property is available
for lease and there have been cases of success.
Obviously, the more disadvantaged the property, the more important it is to expose its
availability for rent.
The risk of burglary is not very high in a condo with security like closed-circuit TVs at
the entry lobby and guards as in Gallop Gables.
In any case, burglars can recee and know which unit is vacant.
New Realtors to Note: There are so many
"rentable" units - it is foolhardy for rental realtors to spend time on units
with unfavourable characteristics.
The Owner wanted an a rent of $3,000, but the construction deterred many expats from
renting.
All first-time realtors may have not many owners giving them keys to their rental
apartments and may take risks to rent such unrentable units. Invariably, the time
and money spent on promotion is not worth it. Your time is your money. It may
be better spent prospecting for good properties.
Having problems renting your condo? Why not
pay $13.50
to advertise in asiahomes.com.
Expats relocating to Singapore use this website frequently as a starting point with over
1000 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 |
