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Focus: Finding affordable homes for expatriates

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, BVMS (Glasgow),
MRCVS, Managing Director

See www.asiahomes.com for free services to expats, advices to newcomer Landlords/Realtors/Tenants.

Affordable Homes for Expatriates
Article No. 809201

Case Study: Tenant, choosing your own realtor - Powerful Human Resource Manageress

Subject: Asia USA Research: Sea views - Mature lady Bayshore Park Condo

For Rent: Bayshore Park 2+1 1000 sf $1,800, 4+1 3,800 sf, $7,500. The Bayshore 2+1 $3,000 (high floor). Others, call Asia USA.


Bayshore Park Condo

Date of report: September 20, 1998

  • Location: 50 - 66 Bayshore Road, next to The Bayshore Condo. Sometimes confused with The Bayshore (one year old) since both have similar names.
  • Age: 12 - 15 years 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  drsing@asiahomes.com

Total No. of Units: 1,093
Studio: 58, 69 sqm
2-bedroom: 87, 88, 100 sqm
3-bedroom: 109, 120 sqm

4-bedroom: 204 - 216 sqm
Penthouse: 309 - 353 sqm (one level)*.
*Penthouse has 2 big balconies.

Finishes: Living/dining - usually ceramic tiles or carpeted (being cement and sand screeded), bedrooms parquet.

Facilities: Swimming pool, tennis court, 24-hour security, clubhouse, mini-mart, café, playground, sauna, squash court, fitness track, gym, covered and open car park, barbecue area.

Newcomer expat: Please contact Asia USA drsing@asiahomes.com to help you get the best deal.

Investors to note: These condos are 99-year leasehold. Losing many Tenants to other new condos in the East Coast, although there are many units with panoramic sea views, renovated attracting prospects. Flooring is usually ceramic tiles unlike marble/granite in new condos and therefore the condo is "out-dated" internally and also externally.

. Advantages:

  1. Location near to recreational facilities in East Coast Park.
  2. Cheaper rental than The Bayshore and newer condos. Good run for money. Sea views in some units.
  3. A well stocked small supermarket, café and laundry.

Express bus (Bus Plus) to Raffles Place/Shenton Way comes direct into condo every morning, therefore no need to look for subway.

Affordable Homes for Expats brought to you by Asiahomes Internet.
Blk 1002, Toa Payoh Lorong 8, #01-1477, Singapore 319074.
Tel: (65) 9668 6468. (65) 254 2728. Fax: (65) 256 0501
email drsing@asiahomes.com

Disadvantages:  

  1. Common complaint: Wall partitions between rooms are gypsum boards, not bricks or concrete and you can hear the noises from the next room.
  2. No sea view from the living rooms for many units.
  3. The swimming pool looks ordinary after you have seen the landscaped and contoured ones in The Bayshore and Costa Rhu Condos.
  4. The "sexy" attractiveness of new condos or upgraded condos is not apparent here. Lift lobbies are not upgraded with marble flooring as in some older condos such as Elizabeth Towers. Wear and tear signs are evident in this old lady but the condo is neat and clean.

Case Study: Choosing your Realtor : Control of Human Resource Manageress

This report advises first-time Expat Tenant how not to
to be bullied by the Human Resource Manageress

September 20, 1998
To: Newcomer Expats
From: Anne Brocklebank.

Many global firms such as those in the computer field, have powerful Human Resource Managers (mostly ladies) who will insist that you use realtors listed by them. Some do receive hampers and presents at the end of the year from "company retained realtors" in appreciation of their referrals.

The Human Resource Manageress will dictate to the new arrival that the company has a list of realtors for them and they must use the services of such realtors. Ask a simple question as to whether every expatriate in the past has used the designated realtors and you will find that the ruling does not apply to everyone. In other words, you need not be forced to use "company retainers" but you can do so if you wish. However, being new, try not to deal direct with the Landlord as there are many implications.

Engage an experienced realtor you are comfortable with. It does not mean that the outside realtor is less professional or dishonest, as implied by the Human Resource Manageress or the retained realtors of the company. You can always test the Realtor and use your judgment.

There are no fees payable by the expatriate and many benefits in using the services of the experienced realtor.

Call Asia USA 9668 6468, 254 3326 for viewing.
Owners & Realtors:
advertise globally at AFFORDABLE 24-HOUR ADVERTISEMENT RATES
S$13.50/40 words/3 months your property for rent or sale by Internet in Asiahomes Internet, an associate of Asia USA. Email
drsing@asiahomes.com

Case Study: Landlord, how to make Realtors give priority to your unit. Cleverest Lawyer-Landlord in Singapore.

September 20, 1998
Everything was right for this Costa Rhu, Livonia Condo.

  • full waterfront with sparkling clean waters of the Kallang River immediately seen on entering the living/dining room, the master bedroom and one other bedroom,
  • partial waterfront views from the other 2 bedrooms,
  • attached bathrooms in 2 bedrooms (not one),
  • balcony bigger than usual Costa Rhu Condo,
  • 4+1 (in demand from Caucasians),
  • 2,200 sf (good size),
  • facing North (therefore no afternoon sun), thereby rooms are cooler and there are savings on air conditioning.
  • 8th floor ("8" is lucky for Cantonese Chinese),
  • unobstructed view of river, beach and green trees. The Merdeka bridge in the distance, Indoor Stadium on left hand side and no massive buildings of Suntec City city views as in the Oliva units,
  • no Benjamin Sheares bridge cutting the living room views in half or facing other apartments,
  • no expressway traffic noise,
  • no construction noise,
  • no immediate neighbours from the master bedroom which has corner window units with clear waterfront views,
  • 41 power and TV points, concealed and of great importance for Internet surfers.
  • air-conditioning in the kitchen, from the utility area (rarely if ever installed by any Landlord of Costa Rhu),
  • extra matching French kitchen cabinets which were sourced with great difficulty,
  • re-positioning of Singapore Cable Vision in master bedroom to take advantage of the waterfront view as the Developer has positioned the point such that the bed faces the walls,
  • electrical point fixed above the fluorescent light and mirror in the bathrooms (rarely if ever installed by any Landlord of Costa Rhu) for hair-dryers and shavers. The Developers of this Condo do not provide such points and it costs money to install them, away from the marble walls,
  • more storage space in cupboard along hall way with hidden compartment above shelving,
  • winter clothes storage possible in the cupboard mentioned above,
  • quality bathroom accessories like glass shelvings not put in by the Developers,
  • bidet hoses in the bathrooms (uncommon in any new Condo in Singapore although older expensive ones have bidets).
  • mirrored wall in the private lift lobby,
  • brick-like flanking of the left and right sides of the above-mentioned mirror in the private lift lobby,
  • a real mariner's lamp in the balcony, now using electricity,
  • quality curtains,
  • cushions on bay windows provided for sitting and viewing water by Caucasian prospects,
  • prompt response from the Landlord to any realtor for viewing,
  • keys available for collection from Landlord's house,
  • good humour and personality of the Landlord working as a partner with the realtors,
  • "Owner" advertisements in the Straits Times, attracting all Singapore realtors.

Rental asked $6,000 in the last month but other Landlords have been renting from $4,000 to $6,000. Many offers of $5,000 and >3 offers of $6,000 within last few days. Differentiation by providing quality and more than value-for-money should attract offers higher than $6,000. Yet no closing for over 3 months. Why? It is a mystery.

------------------------------

"I don't like this brick-walled flanking of the mirror," said Mrs F when told by Asia USA associate that it costs the Landlord a lot of money to install this and that no Landlord in Costa Rhu will do similarly.

"I do not use email or Internet," said Mr F to the Landlord when shown the extra 41 power points and telephone points. "He deals with human only" as he is a human resource manager and has a personal secretary. Money spent on this points down the drain!

" The electrical points in the bathroom, absent in all Costa Rhu units since the Developer does not install them, will be good for your shaver, " said Asia USA associate, referring to the beard and sideburns of Mr F. "Sorry but I use scissors to trim them every 3 months!".

"Your wife could find the points useful when using the hair-dryer," suggested Asia USA associate. "She does not use any hair-dryer as she has cut her hair short".

"Air conditioner in the utility area will cool down the maid's area, " said Asia USA associate trying to sell the advantages. "We don't need maids," stated Mr F. However, the kitchen could receive the air conditioning too, countered Asia USA associate. None of the expensive upgrading seems to be necessary.

"Will the bidets be of any use? " asked Asia USA associate of Mr F. "We are British and we don't use bidets (unlike the Europeans), "

"The Landlord is a responsive and highly recommended. He is a professional, being a lawyer" said Asia USA associate. "Look, love, we have the worst kind of Landlord - a lawyer" exclaimed Mr F to his wife. Should not have mentioned lawyers as Landlords - it could be a fatal mistake.

Calling the Landlord to provide reinforcement, Asia USA associate said that the Landlord is not practising litigation which is a fact. "I am rusty in litigation, having specialised in international business" said the Landlord.

Some of the advantages mentioned above were acceptable though. It was high-pressure selling for this second viewing. The choice unit for Mrs F was the ground floor unit taken by another British. As the Landlord had given a key to Asia USA, Mr and Mrs F were shown this unit too.

Mr F wanted some private discussion with his wife. Both agreed and mr F shook hands with the Landlord. Rental was $6,000 without the refrigerator, washing machine and dryer (negotiated by Asia USA realtor). The cheques arrived within 3 days and the lease was stamped. The Landlord felt he had a higher net income since he needed not supply the appliances. He was glad that the Tenants had no children, hence less wear and tear of the Condo.

On receipt of the cheques and lease, the Landlord paid the agency commission immediately, without the need to ask for invoice (which was given later). What better motivation for any realtor than prompt payment on signing of the lease agreement as agreed in the Letter of Intent? You can be sure that his properties get first priority as there is so little hassle getting payment, unlike most Landlords in Singapore!

Note: Asia USA's Letter of Intent with condition that payment of agency commission will be done when the lease is signed, is usually ignored by many Landlords and it is refreshing that a Lawyer-landlord keeps to his part of the bargain. We try not to deal with Landlords who delay payment or worst, disappears overseas for months and we have to service the Tenants, sometimes with petty cash payments.

 

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