More Transparency in Rent, Will trigger more REALISTIC Asking Price?

[Lovelle]

yup my unit always set the benchmark for my development and area. landlords should set high standard to boost the value of their developments!

can pm me ur agent contact ?

[auroraborealis]

Hmm... Just out of interest I do the sums;

Opportunity cost is 3000 x 2 mths = 6000k cos cld have rented out in jul @ 3k but waited 2 mths to rent out at 3500
Extra rent (3500-3000) x 12 mth contract = 6000k => no diff
Pay agent either 1500 or 1750 comm => lower comm for 3k rent
Overall => 3k rent slightly better (not to mention more $$$ spent on reno)

If extra rent (3500-3000) x 24 mth contract = 12k => better for 3.5k case
Pay agent either 3k or 3.5k comm => diff of 500 vs 6k more rental
Overall => 3.5k good deal

So conclusion depends on tenor too... N how much Reno budget

Recently, I rented out my unit about $3500 in Sept because I wanted to renovate the new unit to my liking. But I know of neighbors who rented out in July for about $3000. Frankly speaking, during those 2 months there are times when I wondered if I am asking for too much & if I spent too much on renovation, etc.
When my next condo TOP in a few years, I may consider just providing the white goods & rent it out earlier at a lower rate as long as I have a good tenant. Just my humble opinion.
Sorry that I am not doing the Maths here because I am too lazy

[nav14]

Hmm... Just out of interest I do the sums;

Opportunity cost is 3000 x 2 mths = 6000k cos cld have rented out in jul @ 3k but waited 2 mths to rent out at 3500
Extra rent (3500-3000) x 12 mth contract = 6000k => no diff
Pay agent either 1500 or 1750 comm => lower comm for 3k rent
Overall => 3k rent slightly better (not to mention more $$$ spent on reno)

If extra rent (3500-3000) x 24 mth contract = 12k => better for 3.5k case
Pay agent either 3k or 3.5k comm => diff of 500 vs 6k more rental
Overall => 3.5k good deal

So conclusion depends on tenor too... N how much Reno budget

Renting immediately after reno will lose out on oppurtunity cost but subsequent leases you will make up with your unit being rented out faster with better reno and higher prices. So in the long run you will likely gain from the renovation.

[price]

10,000 people lost their job at UBS. I am sure some will be coming to this part of the world. They may prefer our established Banks like DBS, UOB, and OCBC.

I thought on ST today it was written that only 10 or so employees are affected in SG

[DC33_2008]

Most of them retrenched or to be retrenched are from London. These group of people will be looking for opportunity in Asia.

I thought on ST today it was written that only 10 or so employees are affected in SG

[auroraborealis]

and they'll b renting from us if they eventually get a job here!!!

Most of them retrenched or to be retrenched are from London. These group of people will be looking for opportunity in Asia.

[radha08]

and they'll b renting from us if they eventually get a job here!!!

then developer start building more and people start buying more and govt come out more cm......

[samuelk]

Most of them retrenched or to be retrenched are from London. These group of people will be looking for opportunity in Asia.

what better place then in SG. No natural deasater , well disipline workforce with
never say NO attitude even if the boss is wrong.

unlike HK or china where they are still raw and edgy

[sh]

Recently, I rented out my unit about $3500 in Sept because I wanted to renovate the new unit to my liking. But I know of neighbors who rented out in July for about $3000. Frankly speaking, during those 2 months there are times when I wondered if I am asking for too much & if I spent too much on renovation, etc.
When my next condo TOP in a few years, I may consider just providing the white goods & rent it out earlier at a lower rate as long as I have a good tenant. Just my humble opinion.
Sorry that I am not doing the Maths here because I am too lazy

When your condo is brand new, don't bother renovating. people will pay premium to rent a new unit anyway. Renovate after a few years... to differentiate yourself from your neighbors... tax deductable too...

[buttercarp]

When your condo is brand new, don't bother renovating. people will pay premium to rent a new unit anyway. Renovate after a few years... to differentiate yourself from your neighbors... tax deductable too...

May I know what is tax deductable?
The reno?
I thought only for business premises then the reno is tax deductible?

[price]

When your condo is brand new, don't bother renovating. people will pay premium to rent a new unit anyway. Renovate after a few years... to differentiate yourself from your neighbors... tax deductable too...

tax deductible?

[carbuncle]

May I know what is tax deductable?
The reno?
I thought only for business premises then the reno is tax deductible?

Oh oh... One more lim kopi kaki

[DKSG]

Oh oh... One more lim kopi kaki

Sometimes you really must give it to the Singaporeans!

Spent hundreds of thousands and even millions buying properties that earn tens of thousands or even hundreds of thousands each year.

All they want to do is to spend hours trying to manage the $1,000 additional tax. Why do such things ? Got earn let the government tax a bit la!

DKSG