House Agent's Licence
No. AD041 - 07306B
Asia USA Realty (Singapore)
asiahomes.com Pte Ltd
Blk 1002, Toa Payoh Lorong 8, #01-1477, Republic of Singapore 319074
Owners renting to US/European
companies: expatriates looking for affordable rentals,
tel: (65) 9668 6468, 254 2728, 254 7944, fax:
(65) 256 0501,
email: drsing @asiahomes.com. Contact: Dr Sing Kong Yuen,
MRCVS, Managing Director
See www.asiahomes.com for
free services to expats, advices to newcomer Landlords/Realtors/Tenants.
Affordable Homes for
Article No. 808131
Case Study: Landlords: Pay
"friend" helping you
Subject: Asia USA Research: Resort ambience - Parkview
For Rent: Parkview 2+1 pool view Tower 3, $2,200. Other units contact email@example.com
Costa Rhu Penthouse #13, 4+1,
5312sf, $10,000, Le Connie Park, Telok Kurau, 3 bdrm maisonette 1600 sf, $2,500, Eastern
Lagoon II 2+1, $2,300.
Date of report: August 13, 1998
- Location: 1,3 & 5 Bukit Batok St 25.
(Note: Parkview Condominium is a 14-year-old condo if 178 units in West
Coast Park).Around 1 month old.
Contact Asia USA (65) 9668 6468 if
you wish to rent a unit, anytime when you arrive in
Singapore and have recovered from jet lag.
We just go house hunting when you call, provided we are tied up house-hunting with others.
You come first. Email firstname.lastname@example.org
Total No. of units: 532
Case Study Landlords: Best to pay friend
"I take $500 for referring
to you, " said the "friend" who has
the keys to the Costa Rhu apartment. The Landlord probably was not aware of this and
referred Asia USA Associate to the exclusive realtor who wanted co-broking fees or payment
of his advertisement bills which amounted to $1,500. Otherwise, he would not endorse the
Letter of Intent although he was not instrumental in the closing. It was the
2-bedroom: 86-139 sqm
3-bedroom: 101-187 sqm
Finishes: Living/dining - light yellow polished homogeneous tiles. Bedrooms -
parquet. Built-in wardrobe, kitchen cabinet, cooker hob & hood, air conditioning.
Facilities: Swimming pool, tennis, squash courts, small gym, playground, barbecue
areas, 24-hour security, clubhouse, karoke room, fitness area, sauna, jacuzzi.
Occupancy rate: Estimated 5%. Brand new.
Competitiors: Hume Park 2 (324 units) and Hume Park 1 (328 units) & Symphony
Heights (449 units) and many condos in the Upper Bukit Timah Road and Hillview
Note to newcomer expat: please contact Asia to help you get the best deal.
Investors to note: 99-year lease
units. Occupants mainly HDB upgraders. Do not buy units just next to the school as it is
harder to rent them out. This condo is painted a deep orange brown colour and is
attractive but the fact is that it is not near the subway, makes it vulnerable to the new
ones being built next to the subway, e.g. Regent's Heights.
- 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 and 3-bedroom for
- 3 high-rise blocks up to 16th floors.
- Beautiful swimming pool meanders under footbridge and big "rocky" bridges
merging with the children's wading pool with water slides for children and island for
picnics, BBQ pits nearby - a resort ambience is present.
- Close to Jurong industrial parks & Dutch/German/Swiss/Australian Schools.
- Near Bukit Timah and Bukit Batok Nature Reserves - an attraction for Caucasian expats
and families. See green trees and ferns in some areas.
- Construction of school - expect to hear the Principal's morning lectures to students.
Area has massive developments of condos, Burgundy Hill houses and public housing.
- Excessive number of earthern pots sprouting water and growing plants, making this condo
unforgettable for pots.
- 2 bus-stops to Bukit Batok subway. Not walking distance.
For $4,000 rental commission, both friend and exclusive realtor take $2,500, leaving
$1,500 for the Asia USA associate.
In such circumstances, it would be better to deal with an Owner direct. The deal was
closed with an Owner and full commission was payable to the Associate. From this episode,
Landlords must be aware that "friends" needed to be paid directly by the
Landlords, otherwise, the whole deal in a declining market, cannot be closed.
The exclusive agent's 3 months' contract was expiring in a few days' time and maybe, it
would have been better to cut losses and get 10% referral fee (or $400) rather than zero.
In the end, the Landlord started his own advertisement and promotion.
In today's market, many exclusive and non-exclusive agents fail to perform. Asia USA
Realty advises all new Owners to advertise direct and communicate to all rental agents
themselves. They must be pro-active - there is no other way.
For more Information :
Dr Sing Kong Yuen
Send mail to Dr.Sing
Kong Yuen with questions or comments about information on this web site.
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