For Newly Completed Condo

  • If you plan to rent your apartment out, always attempt to be among the first few Landlords to rent out their unit first to avoid competition when more owners have collected the keys. Usually, the key collection can be by designate blocks and begin from the lower floor upwards. Defect work will usually take 2 to 4 weeks to complete upon the defect list is submitted.
  • There is also some landlord who did not want to rent out so soon. Leave it vacant for one year and plan to sell it as a brand new apartment in the resale market for a better price. And or let the cheaper units for rent in the market to be rented out first.
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For Resale Condo

Buying the property with vacant possession

You will expect the property to be vacant when taking possession, which means the seller shall remove all the unwanted stuff unless some items stay as per a sale condition. It’s good to remind the Vendor(Seller) just in case they may say that they are not aware of it.

For Investment, You may Appoint a Rental Specialist in that Area to Market the Property even before the sales completion

You may negotiate beforehand with the Vendor (Seller) to allow you to show prospective interested tenants to view the property during the window period before the Sales Completion.

Buying the property with tenancy

It will be useful to know what items come with the apartment as the fact that buying with tenancy means whichever in the inventory shall be transferred to the new owner and the Security Deposit.

Resale Condo Completion Tips: With a written notice by post, the vendor’s lawyer shall notify the existing tenant of the change of ownership and the new
Landlord’s bank details for the future giro arrangements. We can also request a PDF copy of the Letter and send it via WhatsApp to the tenant to ensure that they have received it.

As an additional step, you can also remind the tenant to stop all giro arrangements in advance. Else there will be a chance that the bank will transfer the rental to the previous owner instead of the new Landlord and not stop in time. Retrieving from the prior owner is possible, but it’s an extra unnecessary step and risk.

We have been a Property Manager for more than ten years. We not only find you a good tenant, but we manage your property during the lease period; hence, landlords sit back and enjoy the property’s yields.

Buy through Buycondo.sg we are experienced to give you a seamless experience and work towards a long term relationship.

Gary lim Propnex at Buycondo.sg

The Agent

Gary Lim Lek Boon

Having a knowledgeable, experienced, helpful Salesperson with valuable
information and efficient marketing abilities, can make a big difference in your property investment or selling experience.

8 Reasons on why clients engaged our services and howi have successfully served and help my clients over the past 6 years.

Selling, Buying & Leasing processes are the same.
The only Differences is the Agent especially in this market.
Call for a discussion and find out how I can make a difference.

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