2-bedroom + utility: 85 - 107 sqm
3-bedroom + utility: 112 - 167 sqm
4-bedroom + utility: 155 sqm

Finishes: Living/dining - marble tiles. Bedrooms - parquet. Built-in wardrobe, kitchen cabinet, cooker hob & hood, air conditioning. Balcony in most apartments.
Facilities: Swimming pool, tennis, squash courts, gym, playground, barbecue areas, 24-hour security, clubhouse.
Occupancy rate: Estimated 30%.
Competitiors: Hume Park 2 (324 units) and Hume Park 1 (328 units) just next-door on the same hill top. More condos down the hill.
Note to newcomer expat: please contact Asia to help you get the best deal.|Investors to note: Freehold units. Rentals of 2-bedroomm going below S$2,000, much cheaper than the HDB 3-bedroom and brand new.

1. Brand new and yet cheaper than prime Districts 9, 10 and 11. Many units are renting cheaper than public housing apartments. As a guide, 2-bedroom for $2,000, 3-bedroom for $3,000 and 4-bedroom for $4,000.
2. Four-bedroom units available. There is a shortfall of new four-bedroom apartments in Singapore.
3. Close to Dutch/German/Swiss/Australian Schools.
4. Cold Storage supermarket in Rail Mall across the road. Other retail shops and a good cake-shop in complex will be shifted in 1999).
5. Near Bukit Timah and Bukit Batok Nature Reserves - an attraction for Caucasian expats and families.

Disadvantages:

1. A train passes through railway track down the road.
2. Construction of Parc Palais condo, next to Symphony Heights, nearing completion in vicinity.

It is best to cut losses now rather than be squeezed by the high mortgage interest rates and sleepless nights. A financial compensation with agreement drafted by the Lawyer will be best. In this case, the Buyer must be serious, otherwise, there will be huge losses for the Landlord.

Ironically, Tanglin Regency 2-bedrooms are being fully occupied and there are fewer units left. Rentals asked are above S$2,000 fully furnished. Being 5-minute walk to the Redhill subway and being new and affordable, occupancy has risen to almost 80% since completion around 6 months ago.

It may be difficult for the Tenant to find another unit at same rental! Asia USA anticipates big declines in capital values of Singapore properties and if the holding power is weak, it is best to cut losses before the Banker comes to foreclose. Rental yields are just not sufficient to cover even 30% of the interest payments in view of the glut of new condos (literally one new one completed per month for past 18 months!). As at August 12, 1998, Maysprings Condo (636 units) has just given keys to the owners while Fifth Avenue Condo and many Hillview Avenue Condo owners have just got their keys. Competition comes from the Developers and also the Serviced Apartments too and other units. A Maplewoods Condo 4+1, low floor, was just rented to a Singaporean family for S$3,000.