Property Leasing in Singapore Part 1

For those who are considering to lease a property in Singapore, you may want to know the following:

1. Room Rentals

For those who want to have affordable rentals, the prices ranges fr $200 per person (based on room sharing basis) or cosy master bedrooms with ensuite at $1000+ per room per month. The contract usually starts from 6months to a year. A month’s deposit applies, with utilities such as aircon and electricity included usually. There are many direct tenants and landlords via online portals but be careful that all leases comes with a contract with payment and clauses spelt out carefully.

2. Whole apartments

For those who want to rent a whole unit for your family or as a group of friends, the options include renting HDB flats for the budget conscious or private housing. For HDB flats which are public housing, one must keep note as there are many rules regulating the rental of the place. It includes the profiles of the tenants as well as the landlords, as well as the duration of the lease. The contract usually is longer and more comprehensive. Stamp Duties need to be paid as well by the tenant. It is essential to engage a trusted realtor or consult a friend who is versed in the terms and conditions. Rentals for HDB flats ranges from $1.5K to $3K+ in prime districts.

For those who have a better budget, renting a private apartment or condominium with facilities is actually an ideal option for the well-traveled and the busy executive. The usual facilities include a pool and a gym, with tennis courts and squash courts in bigger and older developments. If one engaged a trusted and competent realtor, most of the issues involved in a lease agreement can be settled with easily. If one decide to go on his own, be sure to note the terms in the lease duration, the terms and conditions as well as the handover date. One may also note that in Singapore, co-broking is common in leasing. Thus it will be preferred to have a realtor to represent the tenant in case of any clash of interests of the leases.

To be continued…

Gold Palm for rent

In the quiet Telok Kurau Enclave of East Coast/Katong area, this development offers a cosy and affordable stay for Expats and Locals alike. 3 bedders starting from $4k+ and 2 bedders from $3.5K. Call 94772121 if you are interested to find out more about the leasing options. Short term stays are also available for 6 months.

https://dl.dropboxusercontent.com/sh/exdmm76rzpqhjfz/v2RsrfJDWx/Gold%20Palm%20Mansion/DSC00837.JPG?token_hash=AAHekQLmplAn2waqjV8CknFlGvWBqcFHpfKjn6vUEuRaAA

https://dl.dropboxusercontent.com/sh/exdmm76rzpqhjfz/LE6TN7bWi3/Gold%20Palm%20Mansion/DSC00835.JPG?token_hash=AAHekQLmplAn2waqjV8CknFlGvWBqcFHpfKjn6vUEuRaAA

https://dl.dropboxusercontent.com/sh/exdmm76rzpqhjfz/_G8uYNbTVD/Gold%20Palm%20Mansion/DSC00422.JPG?token_hash=AAHekQLmplAn2waqjV8CknFlGvWBqcFHpfKjn6vUEuRaAA

Mountbatten suites

A boutique residential project in Katong area, Mountbatten Suites provides an valued stay surrounded by posh condos in Amber Road and landed properties in Mountbatten Road and Haig Road. With pool, BBQ pit and a well connected bus network to town and airport, going places is never an issue.

Currently there is a studio unit for sale at $700K+. Call 94772121 for more details!

20140330-171422.jpg

20140330-171439.jpg

20140330-171502.jpg

20140330-171517.jpg

20140330-171534.jpg

20140330-171548.jpg

 

 

 

East Coast Road – Some interesting history

East Coast Road

East Coast Road, beginning at the junction of Tanjong Katong Road and Mountbatten Road, is a thoroughfare along the east. It extends as Upper East Coast Road after it forms a junction with Siglap Road and continues before ending sharply at a bend into Bedok Road. Hugging the eastern coast of Singapore, the road had been designated as early as 1828 in Lt. Jackson’s Town Plan but was built only in 1902. Since then, it has served as the main vein to the culturally rich and diverse Katong area.

History
Lt. Philip Jackson’s 1828 Singapore Town Plan, following Raffles’ recommendations and vision of 1823, designated roads on either end of the island as East Coast Road and West Coast Road. Both the roads, though not constructed until much later, were thus one of Singapore’s earliest roads delineated. The only approach, to the areas around Joo Chiat to Geylang, was initially through Geylang Road and Tanjong Katong Road. But in 1902, a laterite road was constructed, connecting Katong to Bedok. This was to become East Coast Road, running along the coast until the land reclamation of the 1960s. The extensions to Tanjong Katong Road in the west began in 1906. Along with this highway into rural Singapore came new modes of transportation such as the mosquito buses and the motor trolleys and trams, transporting business and transforming life along the coast. Though predominantly a Peranakan and Eurasian enclave, East Coast Road houses cultural institutions of the other major races in Singapore. Having the best seafront views, East Coast Road was a place sought after by the rich to build seaside bungalows. Many by-lanes or offshoots from East Coast Road continued to be named “East Coast Road” as well. They are now lined with numerous flats and apartments that currently dominate the landscape of the area. In the late 1990s, Upper East Coast Road was extended to join the PIE.

Excerpt from Infopedia

Singapore's icon of nostalgia and the future. A Hotspot in the global village. A fusion of East and West.

%d bloggers like this: