My wonderful PRC tenant, hope to see more of these here

[besotted]

Whoa, I advertised to rent out my Katong unit - $3,500 strictly no agent. Entertained a few viewers including local couples, angmo and one Korean.

But the PRC - working in import/export and speaking quite good English won with his solid offer.

He said he will sign two-year and he will pay all upfront if I can bring it down to $3,000. My own reserve price in my head was $3,200, so I had to think quickly on my feet.

$72,000 upfront. Okay lah, we sign the deal and he transferred immediately and we e-file for stamp duty.

Steady man, never done transaction like this before.

Singapore should immigrate more PRC young talent and PRC rich businessmen to improve our economy

 

[SneeringTree]

Nice. Congratulations.

 

[singveld]

yeah i hope he let it to 12 PRC men and turn your unit into rubbish. the maintence will cost more than what you take in. also hdb might confiscate the unit from you, if they used it for crime.

 

[khunking]

Congratulations, you may be an accessory to money laundering.

$72,000 upfront. Okay lah, we sign the deal and he transferred immediately and we e-file for stamp duty.

 

[halsey02]

yeah i hope he let it to 12 PRC men and turn your unit into rubbish. the maintence will cost more than what you take in. also hdb might confiscate the unit from you, if they used it for crime.

Read KATONG UNIT...any HDB flats in Katong area???

 

[po2wq]

u got ask him where he got his moni fr? ...

 

[po2wq]

yeah i hope he let it to 12 PRC men and turn your unit into rubbish. the maintence will cost more than what you take in. also hdb might confiscate the unit from you, if they used it for crime.

tink he tink rent 2 prc mm betta ...

1 bed $300 per mth ... 30 prc mm ... $9,000 per mth ... 8 mths can recoup all $72k oredi! ... mayb can get other xtras throw in sum mor! ...

 

[Jabba]

one fine day...AV...GSB...CID etc might come knocking on ur day asking if you are the owner of that unit...good luck...

 

[shOUTloud]

I would think better to get 12 months first. If something wrong, can change. Of course, if PRC tenant breach contract by subletting to 30 PRC MMs. Can chase everyone out, fuck the PRC tenant and pocket the 72k

 

[krafty]

may i ask how do you e-file for stamp duty?

Whoa, I advertised to rent out my Katong unit - $3,500 strictly no agent. Entertained a few viewers including local couples, angmo and one Korean.

But the PRC - working in import/export and speaking quite good English won with his solid offer.

He said he will sign two-year and he will pay all upfront if I can bring it down to $3,000. My own reserve price in my head was $3,200, so I had to think quickly on my feet.

$72,000 upfront. Okay lah, we sign the deal and he transferred immediately and we e-file for stamp duty.

Steady man, never done transaction like this before.

Singapore should immigrate more PRC young talent and PRC rich businessmen to improve our economy

 

[BusNo64]

stamp duty? rental got stamp duty meh?

 

[Dogsquare]

Hahaaa..that's cheap.
My friend's neighbour rent to PRC..one day..the tenant partition the master room, dining room, living room into smaller cubicles ...and rent it out to more PRCs..
Look like slumps..

 

[YellowRibbon]

may i ask how do you e-file for stamp duty?

Yes, you can do E-stamping yourself at Chinatown Point

stamp duty? rental got stamp duty meh?

Yes. Stamp duty is calculated as follows : rental x no. of months / 250

Note : Even if the rental is 6 months, it will be calculated as 1 year (12 months)


A PRC who pay advance rental upfront for 1 year is uncommon but still have. I personally experience one such PRC myself.

 

[krafty]

bro,he mentioned e-file, likely thru internet,which website? I did mine thru my agency office and they rip me off 30% of my commission.

Yes, you can do E-stamping yourself at Chinatown Point



Yes. Stamp duty is calculated as follows : rental x no. of years / 250

Note : Even if the rental is 6 months, it will be calculated as 1 year


A PRC who pay advance rental upfront for 1 year is uncommon but still have. I personally experience one such PRC myself.

 

[Cestbon]

Willing owner and willing tenant. Is a good deal because both party happy with it.

 

[YellowRibbon]

bro,he mentioned e-file, likely thru internet,which website? I did mine thru my agency office and they rip me off 30% of my commission.

I think he meant by E-stamp. @ Chinatown Point.


Also for the rest of the bros here who think too much, it makes financial sense to pay upfront.

Actual rent $3500
Upfront 24 months (discount to $3000 per month) = $72000

Save $12000

 

[besotted]

Nice. Congratulations.

Thanks man. It was a good buy and good yield.

 

[besotted]

yeah i hope he let it to 12 PRC men and turn your unit into rubbish. the maintence will cost more than what you take in. also hdb might confiscate the unit from you, if they used it for crime.

Amber Road, not HDB

Also you got the wrong idea of PRC

Rich PRC are very cash heavy

Poor PRC are very hardworking

There will be crime but they are very small minority

PRC ideal citizen for our economy

 

[besotted]

Read KATONG UNIT...any HDB flats in Katong area???

You more perceptive than that blur fella

 

[besotted]

tink he tink rent 2 prc mm betta ...

1 bed $300 per mth ... 30 prc mm ... $9,000 per mth ... 8 mths can recoup all $72k oredi! ... mayb can get other xtras throw in sum mor! ...

Headache to manage lah, one tenant all upfront, sweet and easy