Property Views
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Someone ask, so I share.
https://www.ubs.com/global/en/wealth-management/chief-investment-office/our-research/life-goals/2018/global-real-estate-bubble-index-2018.html
In summary:
UBS latest report puts Hong Kong in property bubble territory.
Singapore remains fairly valued. Prices are 5% below 2011 peak and we are one of this study’s few cities whose affordability has actually improved over the past decade. -
Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m… can buy FH landed in that area leh… So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand… -
cherrygal:
Could it be targeted at foreigner who cannot own landed.Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m... can buy FH landed in that area leh... So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand...
For one of the place that we own, they are selling the fh cluster house for $5.6MM. For that $, I rather buy a landed. But 2 out of 4 are sold and seldom see the owner around. We guess they are foreigners. -
MMM:
Different strokes for different folks. I may love to eat Nasi Lemak but I cannot assume that everyone likes to eat and must eat Nasi Lemak like me.
Could it be targeted at foreigner who cannot own landed.cherrygal:
Saw the banner ad on this website:
Jadescape 99yr LH condo 5br 2088sf unit going for S$3.335m... can buy FH landed in that area leh... So why would anyone want to spend >3m on a LH condo outside CBD? Cannot understand...
For one of the place that we own, they are selling the fh cluster house for $5.6MM. For that $, I rather buy a landed. But 2 out of 4 are sold and seldom see the owner around. We guess they are foreigners.
We must, firstly, get out of this FH > LH mindset. There are a few reasons that I can think of for someone who might be interested in the said unit over a landed:
1. Foreigner
2. Someone who is looking for facilities, etc
3. Someone who is looking for a house but not necessary a home
Probably many more reasons.
The unit in Jadescape works out to be less than $1,600 psf. Only slightly higher or on par with some of the other recent offerings in District 20 e.g. The Panorama, Adana @ Thomson, Thomson Grand, Thomson Impressions. However, it's worthwhile noting that none of these recent projects have 5br so it's probably kind of a rarity appealing to a very specific type of buyers. -
Estéema:
u mean u get tenants to sign a weekly home cleaning for individuals? will that be a top up on their own or absorbed into the monthly rent, which is already at market rate?You can try CoolMaster - 6481 6327
They've got a team of very reliable guys
Typically, I pass contact to my agents to suggest they get contract signed up once TA signed. For Tenancy, I've set up arrangements for air-con contracts signed under tenants' name. I've also made arrangements for weekly home cleaning if it is not rented to a family. This is to ensure they don't give me surprises (again, I've asked agents to pass contact). These cleaning contracts commences in tandem with TA & it has a deposit reqmt if I rmbr correctly. I get regular feedback on condition of my place & will activate my agent to check if sth suspicious shows up. So far, only one elderly American couple with their frd didn't need the cleaning service & I obliged.
my tenant tried to negotiate by saying that landlord will clean/ arrange cleaning of the house for them at no charge... plus use the landlord's name for utility and internet bills. that's not the norm right? -
As my unit gets rented usually quite fast & I made sure all repairs & touch ups done for every change of tenants, so at point of signing TA, we wld negotiate weekly cleaning to be part of tenants’ responsibilities built into TA. I’ve used the professional cleaners & arranged for supervisor to provide me feedback. We did not absorb this cleaning expense nor is it in my rental.
Rental apartments are not service apartment, so we do not clean their apartment, nor pay for their utilities. There was a family on company expense, but request we incl utilities as part of rental but he can agree to up my rental by a couple of hundreds. We didn’t take up the tempting offer, simply bcoz I’ve seen some expats in my area who wld leave lights & aircon running till he returns fr his trip. Thats a lot of waste & wears down yr appliances/eqpt. Most unconscionable.
If u’re renting an entire apt then they shld sign up utilities & internet under their names. Think some forumers here shared internet is becoming a norm for LL to provide. For us, same as utilities consumption, internet is their own responsibility. Just sharing. You might want to heat fr others. -
Estéema:
Cleaning the unit weekly is based on a professional contractor? I've mentioned this before but tenants seem to b scared off instead. They would just say that they will clean themselves and end up dirty when you do checks after the year is up. Even for aircon, they will say that they r either bz, or didn't use as often so ended up with a 4-5 mth cleaning instead of quarterly cleaning as per contract. are these norms when u rent out too?As my unit gets rented usually quite fast & I made sure all repairs & touch ups done for every change of tenants, so at point of signing TA, we wld negotiate weekly cleaning to be part of tenants' responsibilities built into TA. I've used the professional cleaners & arranged for supervisor to provide me feedback. We did not absorb this cleaning expense nor is it in my rental.
Rental apartments are not service apartment, so we do not clean their apartment, nor pay for their utilities. There was a family on company expense, but request we incl utilities as part of rental but he can agree to up my rental by a couple of hundreds. We didn't take up the tempting offer, simply bcoz I've seen some expats in my area who wld leave lights & aircon running till he returns fr his trip. Thats a lot of waste & wears down yr appliances/eqpt. Most unconscionable.
If u're renting an entire apt then they shld sign up utilities & internet under their names. Think some forumers here shared internet is becoming a norm for LL to provide. For us, same as utilities consumption, internet is their own responsibility. Just sharing. You might want to heat fr others.
But if ur renting out whole unit, utilities and the internet usage should be on their own expense, no? why should LL have to provide any? If ur referring to room rental then maybe yes, tenant can request LL to provide.. -
For aircon, unless it’s a very old unit, according to those technicians, 4-5 mths still passable. But I’ve gotta decide whether u wanna compromise or risks having entire aircon system changed or repaired at high costs. Aircon Maintenance is star in the mkt.
Prof cleaning is not so widespread, I only managed to start off with one tenant & my agent re-inforce it throughout. If I had difficulties getting tenants in the first place, then I wldnt insists, but maybe go on regular checks to minimize my damages/losses.
I’ve indicated earlier, to me renting entire apt expenses for utilities & internet shld be tenant’s responsibilities. Some forumers here disagreed as they argued tt internet access is a given in this age of technology. I’m old sch I guess, I don’t provide it. -
Estéema:
At the end of the day, it depends on whether that’s a deal breaker. If you are desperate for tenant, and that’s the tenant’s requirement, my suggestion is just offer lah.
...
Some forumers here disagreed as they argued tt internet access is a given in this age of technology. I'm old sch I guess, I don't provide it.
On the other hand, if you are not short of prospective tenants, just plant your foot in the ground and refuse to offer an inch. -
floppy:
Agree.
At the end of the day, it depends on whether that’s a deal breaker. If you are desperate for tenant, and that’s the tenant’s requirement, my suggestion is just offer lah.Estéema:
...
Some forumers here disagreed as they argued tt internet access is a given in this age of technology. I'm old sch I guess, I don't provide it.
On the other hand, if you are not short of prospective tenants, just plant your foot in the ground and refuse to offer an inch.
If my place is delipilated, I don't mind if end of contract my air-con filthyvthick with dusts & mold, facets all dripping, sofa or mattresses soaked in coffee/tea or urine stains ....
Depends on what I chose as losses.
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