0313Singapore Real Estate, The Arcadia, Arcadia Gardens
Condos, Rental Houses, Apartments, Condos, Homes Singapore Classifieds, Internet
Property Advertisements published by: Asiahomes |
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: 13 Mar 2001 THE ARCADIA (ARCADIA GARDENS) Research supported by Asiahomes Internet |
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| REFERENCES: FOR RENT: March 13, 2001 2 quiet facing greenery condos. 4+1 3714 sq. ft $10,000 or $13,000 (with renovation of the master bathroom and apartment to Tenant's choice) Tel: +65 9668 6468 or email judy@asia homes.com
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235, 237, 239
Arcadia Road. Completed: 1983. Interiors: Living area is separate from the dining area. Light brown marble tiles depending on renovation done. Bedrooms: parquet. The living area has a big balcony. The master bedroom has a big balcony. The other 2 bedrooms may have balconies. Facilities: Swimming pool
(big, upgraded), children's pool, Competitors for spacious 4+1
bedrooms over 3700 sq. ft: Waterfall Gardens, Duchess Crest townhouses (new), Fontana
Heights, Beverly Hill, Chatsworth Court, Regency Park, The Wilshire & Sutton Place and
other penthouses Investment potential:
99-year lease. Selling around S$450 per sq. ft as at March 2000. Characterized by big balconies and spacious
living areas and bedrooms. White greyish marble floor tiles and wall tiles in
the kitchens. Bidet in master bathroom. Older development with wear and tear
evident. Remodeled units away from the traffic noises rent around $11,000. |
Excerpts from: The Internet Realtors, Singapore. Educational articles for asiahomes.com realtors. Case study: Is it worthwhile for the realtor do "Open house"? September 6, 1998 was a fine Sunday afternoon, with clear blue skies, white clouds and a cool breeze blowing into this Costa Rhu Condo marketed as "Open House" by the asiahomes.com associate. This Condo had many good selling points and was available to all agents in Singapore, with no exclusive marketing rights to any realtor. The Owner did reject a rental offer of $5,000 sometime ago and had no other offers for the past 3 months. Now, an Englishman and a Welshman offered to rent the place while the Owner had a $4,800 offer from a Chinese Indonesian just one day ago. Another realtor sent him a cheque of $5,000 and then a fax on September 10 to "hold his horses" as there will be a $6,500 offer coming in soon. Good selling points: 1. Waterfront. Unblocked views of the green sparkling Kallang River, seeing the Kallang basin and Merdeka bridge in the distance. Fishing is possible. 2. Anti-stress waterfront facing from the living/dining, master and one bedroom. Wake up with beautiful water views and romancing the sunset from the patio or living/dining room. Would suit couples in love, with a dog, or with active kids. 3. Cool breeze when windows and sliding doors of living/dining rooms are opened, saving on air conditioning bills. 4. Spacious bedrooms. All bedrooms are of decent size unlike many other brand new condos. Besides the typical attached master bedroom, there is the guest bedroom with attached bathroom. 5. Big garden. Around 200 - 300 sq. ft which is considered large. There is a gate in the enclosed wooden fence and an easy access to the outside jogging track via a main gate. "Do you have a dog?" enquired Asia USA associate of the Englishman, demonstrating the freedom and space in the garden and outside for the dog. He did not have one. 6. Privacy. Tucked away in a far corner of Costa Rhu, with no immediate neighbours on either side or in front. The garden in front of the living/dining room and the master bedroom has another patch of grassland giving more privacy as passer-by are further away. "It gives the impression that one is not living in a high density high rise Condo, which is Costa Rhu" said the Welsh wife who was tired of the noise of barking dogs in her present house in East Coast. "We don't have dogs or children. We'd just been shown a house with an Alsatian and the realtor assured us that the Dog is a "bark-less" one. When we were near the house, the dog barked loudly!" laughed the Welsh husband. Well, here you will not get this problem, said Asia USA associate. Just then a stray mongrel loitered into the empty grassland adjoining the garden. How would you respond? The reason for moving is noisy dogs from neighbours and you said there were no dogs. "This dog is a stray dog and will not bark because it does not live in this Condo and has no need to protect his territory" explained the Asiahomes.com realtor. The explanation was accepted. That was a close call. 7. Space for dogs and little children. It was a recession in Singapore. The Asia USA marketed this unit appropriate for expats with dogs or active kids. Straits Times advertisement 3 times a week, Internet and other promotions for the past month drew few response. Caucasian mothers prefer ground floors as they dislike window and door grilles to prevent children climbing and falling down from high floors as such grilles make the apartment look like a prison. 8. Enter from the outside. "You can bring you BMW motorbike from the outside space, enter the wooden gate and park it at the side of the garden " suggested Asiahomes.com realtor to the Englishman. The realtor was desperate to close this case which had taken so over 4 weekends of "open house". Now the Owner had a $5,000 rental offer from another realtor. Objections: 1. As it is an open listing, no realtor focused on this unit; many are aware that ground floor units are not in demand and will not waste time and efforts on disadvantaged units when there are probably 400/737 units of waterfront/seafront 4-month old Costa Rhu apartments which are taken up like hot cakes. However, the Owner has no time to market his unit. He had given keys to a few realtors but there was no one realtor focusing on his unit. His asking rental was $6,000 but other Owners including the 2nd level (rented for $4,000) have been aggressively under-pricing. 2. Littering. Cigarette butts thrown from upper floors. Possible but rare in a good condo. 3. Construction work on the vacant piece of land few metres away from the living/dining room. "What if there is construction and we are locked in a tenancy agreement for 2 garden" asked the Welshman whose wife really loved this unit. A break-lease clause terminating the lease with 2 months' notice if development commences may be a condition of lease. No offers for three months and now there were 4 offers to the Landlord. Which offer did he accept? It was the Englishman and his wife as they had to bid higher. The recession was terrible for Landlords of Costa Rhu. As at March 2001, the rentals have gone up. That waterfronting unit would be getting $6,500 - $7,500 instead of $5,000. "Open house" for rental condos is a costly strategy. If you don't get exclusive marketing rights, you are taking a big gamble. But if you are hungry, focusing on one good condo may give you some bread provided your advertisements in the newspapers had not guzzled up all your profits. |
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