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Hi,

I just shifted into my new 4-room BTO flat in Pasir Ris (Costa Ris) and would like to rent out my spare room. However, I have the following queries:

1. Am I eligible to rent out a room considering it is a new flat?

2. What is the minimum rental occupancy period?

3. Am I able to request for a premium to the market rate since it is a new flat (with new furnishing and appliances)?

4. With reference to question 2, how much rental can I ask for in today's market?

Thanks.
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3 Answers

Ivan Ng
Replied
Hi,

Yes you can rent out rooms provided you continue to stay in the flat.

Minimum will be 6 months.

Its a free market, you can set various asking rents but tenants also have options. It comes down to a trade-off in the end, and I would say with current weakening leasing market sentiment, it is better to accept a lower price for good profile tenants, at least you have a peace of mind.

Rent wise, it depends on how long a lease, unit facing, furniture, room condition and distance to MRT/amenities, tenant profile etc.

Being active in the East side, I will be glad to assist. Thanks and hope to understand your requirements further.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Michael Nge
Replied
Hi James,

During MOP, it only restrict renting out whole unit, room rental is okay.

I recommend you to market your room on par with market rate. At the end of the day, tenants have a lot of choices. And one day of vacant means one day of lost potential income.

A/C, Wifi, proximity to MRT will determine the asking rental price.

Best Regards,
Michael Nge (DWG)
Mobile: 9099 2260 
Website : www.findproperty4u.com Read More
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D. Kumar
Replied
Hi there,

You can rent out your room how ever not the whole flat.
Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner.

I will also provide you with a comprehensive rental transaction caveats of the properties in the desired location, make available to you recent live transactions for your understanding and share on financial calculations,if needed.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More
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