Asia USA Realty (Singapore)
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Affordable Homes for Expatriates
Article No. 808041Housing: Park East Condo
Case Study: Tenant, breaking new lease
Subject: Asia USA Research: Low rise Park East Condo
For Rent: 4+1 2,000 sf, $3,300. Others, call Asia USA.
Park East Condo Date of report: August 4, 1998
- Location: 69 - 77 Jalan Tua Kong, around Siglap Shopping Centre.
Age: 4 years old.
Contact Asia USA (65) 9668 6468 if
you wish to rent a unit, anytime when you arrive in |
Total No. of units: 211
2-bedroom: 81 - 93 sqm
3-bedroom: 118 - 194 sqm
4-bedroom: 183, 188 sqm
Finishes: Living/dining - ceramic tiles. Bedrooms parquet. Built-in wardrobe, kitchen cabinet, cooker hob & hood, air-conditioning.
Facilities: Swimming pool, tennis court, 24-hour security, clubhouse, mini-mart, café, playground, sauna, squash court, jacuzzi, multi-function hall, gym, covered and open car park, barbecue area.
Note to newcomer expat:
please contact Asia to help you get the best deal.Investors to note: These freehold condos are isolated, being 5-minute walk to the main road. Losing many Tenants to other new condos in the East Coast. The pool surrounding is extensively tiled with yellow ceramic tiles compared to other condos and it gives a clean but concrete appearance.
Advantages:
- Location permits privacy as condo is away from main road and low rise.
- Cheaper rental than The Bayshore and new condos.
- Rentals are lower.
Disadvantages:
- No resort ambience feeling so essential to attract the Caucasian Tenant.
- The "sexy" attractiveness of new condos is not present here, but if rentals are affordable, this relatively new condo is value for money.
Case Study: Tenant: : Breaking new lease
This
report advises first-time Expat Tenant |
August 4, 1998
- During re-structuring, many expatriate Tenants have to break a new lease. Explain the situation to the Landlord. Offer a 6-month rent plus payment of agency commission (paid by the Landlord) as compensation. A reasonable Landlord should accept this arrangement as litigation may be very costly. The security deposit is included in this compensation.
- Assign the lease to another company.
- Get a managing agent to advertise. Pay for his time too.
- Pay for the advertisements.
- Offer full agency commission in addition to the managing agent's fees.
If your unit is in good location, such as the UE Square Condo, you should be able to find a replacement Tenant. It may take one or 2 months but if you have your unit easily available, there should be no difficulty assigning the lease.
Give incentives to the prospective Tenant who may be motivated by a lower rental or payment of stamp fees and monetary considerations.
Surfers interested in other units, please Owners advertising their properties for rent/sale: Cheapest and targeted to expatriates: Money back if your unit is rented before publishing. S$13.50/40 words/3 months! Email drsing@asiahomes.com, call 9668 6468 or fax your details to Asiahomes Internet! |
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Dr Sing Kong Yuen
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