In this post, we will recall my work with Mr. K, and how I helped him purchase a luxury apartment at $1.5m under valuation.
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COMMON MARKET PRACTICES – LEASING PROCEDURES
You are new to Singapore and are looking to rent an apartment or a room, let’s take a look at the standard leasing procedures you will likely be going through. Tenant needs to have a valid employment pass / work permit / student pass / long term visit pass Search for listings on various property… Continue reading COMMON MARKET PRACTICES – LEASING PROCEDURES
COMMON MARKET PRACTICES – AVERAGE RENTAL RATES
Rental rates are pretty standard in Singapore, if you are paying out of your own pocket, it might be useful to have some figures to benchmark on There are 2 main types of properties in Singapore which you can rent: 1) HDB: These are government owned flats, these have specific ethnic quota which ensures a… Continue reading COMMON MARKET PRACTICES – AVERAGE RENTAL RATES
COMMON MARKET PRACTICES – RENTING EXPENSES
What are some of the expenses you need to prepare for when renting a property in Singapore? Let’s assume you are going to rent a studio apartment for SGD$2,800 for a period of 24 months. Prior to renting: Deposit: 2 month’s rent for 2 years lease – SGD$5,600 (Deposit amount is 1 month’s rent for 1… Continue reading COMMON MARKET PRACTICES – RENTING EXPENSES