Far East Plaza Rental Rate

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.

christinewsy · 03-07-2008, 05:59 PM

For your info, Far East Plaza units under Far East Organisaztion requires 3+1 rental meaning, 3 times rental deposit and 1 month advance. Subletting is not allowed in the tenancy agreement.
Rate: $35-$40 per sqft for good location.

In order to share you must 1st obtain landlord's agreement, also, you need to get a bigger unit in order to have enough to share.

Bigger units meaning Bigger start up capital.

thegifthaven · 03-07-2008, 10:15 PM

yeah, considered that into the plan. btw, how much did yr reno cost? I estimated ard $50k. Is it enough?

christinewsy · 04-07-2008, 12:49 AM

My reno is cheap, if you need the lobang just pm me, you dun need 50K lah... around 20 is more than enough. I used to work in reno company.

Jasmine · 04-07-2008, 07:44 AM

Perhaps doing it discreetly will be fine. For example, if your shop is selling fashion apparrel, I will make sure whatever things I wish to sell, it is related to fashion eg. handmake wallet, the landlord wouldn't know that it is subletting.

Quote:

Originally Posted by christinewsy

For your info, Far East Plaza units under Far East Organisaztion requires 3+1 rental meaning, 3 times rental deposit and 1 month advance. Subletting is not allowed in the tenancy agreement.
Rate: $35-$40 per sqft for good location.

In order to share you must 1st obtain landlord's agreement, also, you need to get a bigger unit in order to have enough to share.

Bigger units meaning Bigger start up capital.

skythelimit · 09-01-2009, 01:12 AM

Got a biz man advised me when you want to calculate returns, you cannot calculate the rental over the nos. of days in the monthsl. Should be rent divide nos. of weekends n public holiday and how much takings those days to breakeven to make a profit or you end up losing money - does this make sense? What he meant is get your maths right before committing in a lease.

whuzzz · 13-01-2009, 03:52 PM

i'm interested to share shop space.. pm me with more details. thanks.

thegifthaven · 06-07-2008, 12:13 AM

Thanks, Jasmine, maybe let's meet up for coffee, say next Friday evening to discuss? See whether we can do something together. I'm currently looking at FEP, Heeren, City Hall. Those keen, please pm me. Thanks!

Quote:

Originally Posted by Jasmine

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

03-07-2008, 12:19 PM	#1
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	#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 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.

03-07-2008, 05:59 PM	#4
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 For your info, Far East Plaza units under Far East Organisaztion requires 3+1 rental meaning, 3 times rental deposit and 1 month advance. Subletting is not allowed in the tenancy agreement. Rate: $35-$40 per sqft for good location. In order to share you must 1st obtain landlord's agreement, also, you need to get a bigger unit in order to have enough to share. Bigger units meaning Bigger start up capital.

03-07-2008, 10:15 PM	#5
thegifthaven Senior Member Join Date: Apr 2008 Location: Tampines Posts: 48 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate yeah, considered that into the plan. btw, how much did yr reno cost? I estimated ard $50k. Is it enough?

04-07-2008, 12:49 AM	#6
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 My reno is cheap, if you need the lobang just pm me, you dun need 50K lah... around 20 is more than enough. I used to work in reno company.

09-01-2009, 01:12 AM	#8
skythelimit Banned Join Date: Oct 2008 Location: Clementi Posts: 22 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate Got a biz man advised me when you want to calculate returns, you cannot calculate the rental over the nos. of days in the monthsl. Should be rent divide nos. of weekends n public holiday and how much takings those days to breakeven to make a profit or you end up losing money - does this make sense? What he meant is get your maths right before committing in a lease.

13-01-2009, 03:52 PM	#9
whuzzz Member Join Date: Aug 2008 Location: singapore Posts: 17 My Reputation: Points: 10/ Rep Power: 0	Re: Far East Plaza Rental Rate i'm interested to share shop space.. pm me with more details. thanks.

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