Just off River Valley Rd/Killeney Rd - I rent the ground floor apt of a 4 storey chinese house 30+years old, 3 bedrooms, 2 bath, huge living and sep dining, 2 large balconies - over 3000sqf. No amenities. In Dec07 I signed 1 year lease at $5.5k per month. Can anyone advise what i might be likely to pay upon renewal - I assume slightly less with the current market situation... Would $4.5 be a reasonable offer?
Posted by Jordana Brumby on Oct 14, 2008 in Renting Property | 718 Views
Latest Answers by Real Estate Professionals (1 Answers)
Answer Posted on Oct 15, 2008
Good day,
Usually the continuation of lease will carry on with the rental that you are paying now ie. $5500. It is unlikely that the rent will be reduced, unless the owner agrees to your proposal.
But it is highly unlikely that the owner will be willing to accept your proposed rent of $4500. This is due to your house is located in a prime district. A property of a slightly smaller stature in District 19, Hougang, is likely to fetch a rent similiar to what you are paying now.
I would highly suggest you discuss with the owner and inform him/her with regards to your new proposal.
Feel free to contact me should you require further assistance.
Ben
98210387
Usually the continuation of lease will carry on with the rental that you are paying now ie. $5500. It is unlikely that the rent will be reduced, unless the owner agrees to your proposal.
But it is highly unlikely that the owner will be willing to accept your proposed rent of $4500. This is due to your house is located in a prime district. A property of a slightly smaller stature in District 19, Hougang, is likely to fetch a rent similiar to what you are paying now.
I would highly suggest you discuss with the owner and inform him/her with regards to your new proposal.
Feel free to contact me should you require further assistance.
Ben
98210387
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