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Asia USA Realty
(Singapore)
asiahomes.com Pte Ltd
Estate Agents
Licence No. L3007306B
25 Jun 2011
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Focus:
We get for
you affordable Singapore homes
Rent or Investment |
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CRAIG PLACE
Downtown Singapore. 20 Craig Road. 99-years
leasehold.
56 units. Condominium. Completed: 2000.
35 one-bedroom units from 560 sq. ft
21 two-bedroom units from 657 sq. ft
4 designs. Chic Manhattan, Oriental, Contemporary and Tropical.
Swimming pool and barbecue pits on 6th floor. Covered car parking at basement.
Investment:
Buyers should have no problem finding tenants after the lease back period as location, but
note the lack of tennis court and gym. The advertisement states "easily
tenantable with above average rental returns". What is the average?
In 2000, the rental price needed to be attractive as the targeted audience would be singles and
couples without children and, in my opinion, many of them were given a housing allowance
of
around $3,000. Senior managers do have housing allowance up to $6,000.
In 2011, the expatriates may be given a housing allowance which
is much lower depending on their negotiations.
Competitors:
River Place, an upscale condo with river frontage and a 10-minute walk to Raffles
Place will be one main competitor. It is the favourite as at June 2000. I have
rented one 770 sq. ft 2 bedroom at $2,500 fully furnished. The Paterson Edge,
near Orchard subway and Orchard Road, rents at around $6,000 for a 2-bedroom and rents are
around $5.00 per sq. ft for Richmond Park and Spring Grove condos as at June 2000.
The developer may have a subleasing agreement for prospective buyers. Buyers will
have to understand the legal and financial risks in lease-back property investments.
Advantages:
Great location: near Raffles Place, Tanjong Pagar and Outram subway
Meet many expatriates in a historical and creative design cum multi-media neighbourhood
which is the Duxton Conservation Shophouses and Chinatown area.
Many food and beverage joints.
Many entertainment outlets.
Suits expats who wait up late and work near Raffles Place.
Disadvantages:
Inner city living: Crowds expected as the vicinity is downtown.
No grassland as in other condos.
No tennis court and gym which are what the single expats desire. |
Facilities:
Pool.
Advantages: Around financial district and Chinatown. Outram
subway is a 10-minute walk.
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FOR RENT |
 June
18, 2011 For Rent
Units are available for rent
E-mail
judy@asiahomes.com Tel: +65 9668 6468. |
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ŠAsia USA Realty (Singapore) asiahomes.com
Pte Ltd.
Website:
asiahomes.com.
Blk 1002, Toa Payoh Lor 8, #01-1477, Singapore 319074, Republic of
Singapore
Estate Agents Licence No. L3007306B
Salesperson Name/Registration No. Sing Kong Yuen/R030822Z
Asia USA
Realty (Singapore) asiahomes.com Pte Ltd
Finding Affordable Homes
For Expatriates |
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