LESSERING THEIR ASKING Book
Real estate brokers told CNA that as more rentals are available on the market, it has become harder to find tenants now.
Last year, they may close a rented deal with just one viewing.
This time, however, they have observed that it takes an average of 10 previews before they can safe a client.
The system will need to be put up for about a fortnight, according to property agents. It was not hard to get a product up immediately during the hire boom.
According to them, tenants may also need to lower their asking fee in order to find a tenant.
For instance, a one-bedroom unit near the city centre is being put up for rent at around S$ 4,000 ( US$ 2,940 ) per month, about S$ 500 less than what the owner was hoping for, said real estate agent Daryl Ng.
We go the extra mile to offer more service at this time. Tenants would want to have less hassle, ( so ) we provide Wi-Fi services and we can also include the utilities, ” said Mr Ng.
It all depends on what they want and what they require, according to the sales process. This is what we have opened up, allowing us to have a wider spectrum of residents. ”
His client is being hounded from both ends because she requires the extra money to support her new apartment pay off the mortgage because she earns less from rent.