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Rental Checklist

Things to lookout for when you are serving a Landlord: Ownership proof - purchase from INLIS (https://www.sla.gov.sg/inlis/#/) Keep a copy of the EP or passes AND Passport details Verify that the passes are valid. Check  (https://eponline.mom.gov.sg/epol/PEPOLUAMT012DisplayAction.do) Do inventory list Photo taking of the house (part of the inventory list) and copy into CD for Landlord and Tenant to keep as proof Ensure Tenant has transferred the utilities to his account Ensure that the Tenancy Agreement contract is stamped by IRAS (within 14days upon signing of contract) Things to lookout for when you are serving a Tenant: Keep a copy of the EP or passes AND Passport details Verify that the passes are valid. Check  (https://eponline.mom.gov.sg/epol/PEPOLUAMT012DisplayAction.do) Check ownership proof - purchase from INLIS (https://www.sla.gov.sg/inlis/#/) Take photos of the house (especially damaged/scratched) and inform the Landlord or Landlord's agent by email as proof Help Tenant to stamp the Tenancy Agreement contract. STAMP DUTY AMOUNT= RENTAL Per month x Number of months x 0.4% (https://estamping.iras.gov.sg/WebForms/Home.aspx) Help Tenant to switch the Utilities account to his name (http://www.singaporepower.com.sg/irj/portal/spservices)

By |2016-04-07T16:25:04+08:00April 7th, 2016|blog|0 Comments

Which district to invest in during Crisis?

These are just a few things to note when buying a property for investment. High volume of lease transactions - Just like trading, a high volume means that many Tenants/Buyers are looking at the particular project(s), it's easier to Rent/Sell when you required. Near to MRT for tenants who don't drive (>90%) Reasonable maintenance cost Preferably a condo where >50% of tenants are from the same country (e.g Japan, France, US etc). Usually, they would recommend their friends to stay in the same place so that they wouldn't feel home sick. This is based on personal experience, when I was doing my exchange programme in Finland, I prefer to stay in a place or near where all the Singaporeans are staying so that we can look after each other. Check the area competitor $psf and rental price and calculate the % yield returns. Take a look at the chart. Look at the volume of lease that is expiring in 2016 and 2017. You can find some interesting data from this chart provided by URA and squarefoot website. Good luck in searching for your GEM!  

By |2016-02-01T10:57:30+08:00February 1st, 2016|blog|0 Comments
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