Far East Plaza Rental Rate

noeclue · 28-06-2008, 01:43 PM

Hi There,

Does anyone know the rental rate at Far East Plaza?

I am very interested with either level 3 or level 1.

Thanks

thegifthaven · 01-07-2008, 12:01 PM

its between $6k - $8k. I am looking for people to share a shop space at far east plaza too.

noeclue · 01-07-2008, 12:21 PM

Is the traffic and purchase power really that good at Far East Plaza?

I have been monitoring it for the past 6-7 days. Most of them are just passing by without purchasing anything.

thegifthaven · 01-07-2008, 12:49 PM

it will depend on the product offerings and the traffic. That's why I intend to get a number of tenants to share shop space, so that risk is lower and product offerings have more variety. The shoppers are younger crowd and they like variety. And I will be the one taking the full lease, whereas tenants just need to commit maybe 6 mths.

christinewsy · 01-07-2008, 02:15 PM

Oh... except for the lousy units tt's empty now, unless you talking about level 3 and level4, my coming shop at Far East will be at LevelOne

thegifthaven · 01-07-2008, 02:45 PM

i enquired about a number of leasing, there are lvl 2, 3 and 4 and even basement available. also saw 1 in city hall that i might consider. but for me, i will need to get the tenants 1st

Qwe7410 · 03-07-2008, 11:21 AM

what you have to offer? can let me know. thanks
i'm quite interested in a slot at FEP

thegifthaven · 03-07-2008, 12:19 PM

oh, I am looking for tenants to share rental costs, so that each person will have lower rental = lower risk. and i will be the main tenant to bear the leasing period. i have sent you a pm, let me know if you are also interested in sharing.

Jasmine · 03-07-2008, 03:45 PM

Hi thegifthaven,

I like your idea of you being the main tenant and others just simply lease a small space from your shop with a specific period, it is a win win situation for you and for others who are afraid of long term commitment.

So which location do you intend to be rooted and how are you going to allocate space and how long. I pretty much like your idea.

May be those who are interested, should meet up for coffee and discuss seriously on this idea.

Cheers
Jasmine

Quote:

Originally Posted by thegifthaven

oh, I am looking for tenants to share rental costs, so that each person will have lower rental = lower risk. and i will be the main tenant to bear the leasing period. i have sent you a pm, let me know if you are also interested in sharing.

noeclue · 03-07-2008, 05:29 PM

The rental rate is fine. Have you guys checked on all other hidden fees?

1. 2 months deposit
2. 1 month advanced rental fee
3. stampduty - 10% of the 2 years rental fee, which comes around 2 months
4. take over fee (negotiable)
5. 1/2 month commission

total is around 6 months X your rental fee just to get the shop started.

28-06-2008, 01:43 PM	#1
noeclue Senior Member Join Date: May 2008 Location: Australia/Singapore Posts: 193 My Reputation: Points: 10/ Rep Power: 17	Far East Plaza Rental Rate Hi There, Does anyone know the rental rate at Far East Plaza? I am very interested with either level 3 or level 1. Thanks

01-07-2008, 12:01 PM	#2
thegifthaven Senior Member Join Date: Apr 2008 Location: Tampines Posts: 48 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate its between $6k - $8k. I am looking for people to share a shop space at far east plaza too.

01-07-2008, 12:21 PM	#3
noeclue Senior Member Join Date: May 2008 Location: Australia/Singapore Posts: 193 My Reputation: Points: 10/ Rep Power: 17	Re: Far East Plaza Rental Rate Is the traffic and purchase power really that good at Far East Plaza? I have been monitoring it for the past 6-7 days. Most of them are just passing by without purchasing anything.

01-07-2008, 12:49 PM	#4
thegifthaven Senior Member Join Date: Apr 2008 Location: Tampines Posts: 48 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate it will depend on the product offerings and the traffic. That's why I intend to get a number of tenants to share shop space, so that risk is lower and product offerings have more variety. The shoppers are younger crowd and they like variety. And I will be the one taking the full lease, whereas tenants just need to commit maybe 6 mths.

01-07-2008, 02:15 PM	#5
christinewsy Senior Member Join Date: Aug 2007 Location: East of Singapore Posts: 65 My Reputation: Points: 10/ Rep Power: 18	Re: Far East Plaza Rental Rate Oh... except for the lousy units tt's empty now, unless you talking about level 3 and level4, my coming shop at Far East will be at LevelOne

01-07-2008, 02:45 PM	#6
thegifthaven Senior Member Join Date: Apr 2008 Location: Tampines Posts: 48 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate i enquired about a number of leasing, there are lvl 2, 3 and 4 and even basement available. also saw 1 in city hall that i might consider. but for me, i will need to get the tenants 1st

03-07-2008, 11:21 AM	#7
Qwe7410 Member Join Date: Apr 2008 Location: Singapore Posts: 22 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate what you have to offer? can let me know. thanks i'm quite interested in a slot at FEP

03-07-2008, 12:19 PM	#8
thegifthaven Senior Member Join Date: Apr 2008 Location: Tampines Posts: 48 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate oh, I am looking for tenants to share rental costs, so that each person will have lower rental = lower risk. and i will be the main tenant to bear the leasing period. i have sent you a pm, let me know if you are also interested in sharing.

03-07-2008, 05:29 PM	#10
noeclue Senior Member Join Date: May 2008 Location: Australia/Singapore Posts: 193 My Reputation: Points: 10/ Rep Power: 17	Re: Far East Plaza Rental Rate The rental rate is fine. Have you guys checked on all other hidden fees? 1. 2 months deposit 2. 1 month advanced rental fee 3. stampduty - 10% of the 2 years rental fee, which comes around 2 months 4. take over fee (negotiable) 5. 1/2 month commission total is around 6 months X your rental fee just to get the shop started.

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