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Hi,

I have a new Executive Condo unit which has been vacant for the past year as I am based overseas.

I understand I could request to lease the whole unit even though I have not met the MOP. How do I go about doing this?

How much tax on rental should I expect to pay?

Also, what is the norm for an agent's commission?

Thank you in advance.
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8 Answers

Brandon Toh
Replied
Hi, please feel free to contact me @ 82339503  for a non-obligatory discussion

Regards
Brandon Toh
 82339503 
brandontohhw@gmail.com
ERA Read More
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Gavin Ng
Replied
Hi

You may write to HDB for approval. As for property tax, you will pay on a progressive tax rate.

The standard commission leasing is a one-month rent rate for 2 years lease.

Attached is a link for your reference. https://tinyurl.com/y39sn9gp

You may text 9620 0827  as we are experienced in work with "absentee" landlord.

Regards, Gavin Read More
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Mark Ng S W
Replied
Raymond Lim
Replied
Hi Sir/Madam

(1) subject to HDB approval to rent out whole unit

(2) Rental will be based on non-occupier as 10% of annual value

(3) Commission : 1 month rent for 2 years lease; 1/2 month rent for 1 year lease

Thanks.

Raymond Lim
CCN Realty Pte Ltd
 91388805 
MBA/BSc(HONS)
Email: raymondshaq@hotmail.com Read More
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Aaron Chong
Replied
Hi, you just need to write in to HDB and to seek approval since your EC has not reach MOP. But it’s a case to case basis.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Tan Pei Cheng (Pei)
Replied
Silvia Yang
Replied
Hi Sir/Madam

You need to appeal to rent out whole unit
I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Lyna Song
Replied
Hi;

Yes, you can apply to rent out your EC before the MOP, but do take note that this will affect your MOP computation as the period of rental are not part of your MOP period.. for rental property, the property tax is calculated at 10% based on your annual value instead of the 4% owner-occupied tax rates.. I do rental for units before MOP period and also managing the miscellaneous on your behalf while you are overseas .. Do get in touch with me for more info.. Thanks

Rgds;
Lyna Song
Associate Group Director
Propnex Realty Pte Ltd
 96238442 
lynasong@hotmail.com Read More
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