asiahomes.com

asiahomes.com educates housing agents on how to be successful in real estate.

Name:
Location: Singapore

Veterinary surgeon at Toa Payoh Vets, Singapore www.toapayohvets.com and operator of a Singapore housing agency, www.asiahomes.com

Tuesday, April 04, 2006

26, 26A - 26E Pierce Road bungalows

Good class bungalows in Singapore

2 storeys and basement, Site area around 15,834 sq ft (No. 26).
Completed: 2001
Renowned architect: Ettore Sottass, a grandee of late 20th century Italian design and founder of the early 1980s Memphis Collective architectural movement.

2005. 6 freehold bungalows sold at average price of $5.83M.
Mortgagee sale. $365/sq. ft

2006. 1 sold at $9M. (No. 26). $568 psf.

Tuesday, September 20, 2005

Sep 21, 2005. 6-bedroom semi-detached near downtown for rent

SINGAPORE HOUSES FOR RENT.
BARKER ROAD, SEMI-DETACHED FOR RENT

Modern, incredibly large living, dining, family areas and bedrooms. See to believe.
6 bedrooms. Land 5000 sq. ft. Built-in 4,500 sq. ft.
Rental: $8,000.
Green grass garden at side and in front. No pool.
Quiet high class neighbourhood. 8-min walk to Newton subway.

Suits expats who want home office and yet near downtown center of action.

Tel: Judy +65 9668-6468 now.
judy@asiahomes.com
More properties at http://www.asiahomes.com, goto SUBDIVISIONS>

Sep 21, 2005. Singapore penthouses for rent

SINGAPORE PENTHOUSES FOR RENT

judy@asiahomes.com
Judy +65 9668-6468, 6254-3326

21 September 2005

Property Name
Room
Sq. Ft
Rent
Mutiara Crest 18th storey new penthouse
4+1
3724
$10,000
Mill Point 19th storey
4+1
2067
$10,000
Casa Fina
3+1+1
2000
$3,000
The Cornwall near Holland Village
2
1700
$5,400
Aspen Heights
5+1
3000
$7,500
Richmond Park
4+1
3400
$10,000
Maplewoods
4+1
3000
$6,000
Yong An Park
5+1
6500
$11,000
Habitat
5+2
3600
$9,500
Crystal Tower
5+1+1
8600
$9,000
Regency Park
4+1
3650
$10,000
Wing On Life
5+1
3500
$7,000
Parisian
4+1+1
4500
$8,000


28 August 2005

Property name
Room
Sq. Ft
Rent
Habitat 1
5+1
3600
$12,000
Mandalay Tower
3+1
5059
$3,000
The Montana
3+1
1200
$3,700
Beverly Mai
4+1
6000
$16,000
Sarkies Garden
4+1
1900
$4,500


21 August 2005

Property Name
Room
Sq. Ft
Rent
Balmoral
4+1+1
3300
$9,500
Ardmore Park
5+1
8700
$12,500
Queens
4+1
2280
$6,500
The Claymore
5+1
5400
$17,000
Caribbean
4+1
4600
$12,000
Heritage
4+1
2600
$7,000
Valley Park
5+1
3800
$8,800
Aspen Heights
5+1
3100
$9,000
Water Place
4+1
2300
$8,000
Queens
4+1
2271
$5,500
Queens
4+1
2389
$6,500

Singapore penthouses for rent. More information at:
http://www.asiahomes.com, goto: SUBDIVISIONS

Make appointments to view or for more information:
judy@asiahomes.com
Judy +65 9668-6468, 6254-3326

Sep 21, 2005. Singapore Condos & Townhouses for Rent

SINGAPORE CONDOS AND TOWNHOUSES FOR RENT

Sep 21, 2005
Housing Agent: Judy
Tel: +65 9668-6468
www.asiahomes.com



Leonie Condotel - Limited units available now.
- 4+1 Bedroom (2722sqft) @ minimum $9.1K

Grange 70 - Call for special rate
- 3+1 Bedroom (1970sqft) @ $6.5K
- 4+1 Bedroom (1981sqft) @ $8K / high floor available

Orange Regency - Renovated showflat, near Shangri-la Hotel and downtown Orchard Road.
- 4+1 Bedroom (1765sqft) at $6K for renovated unit
- 4+1 Bedroom (2433sqft) at $8,5K for units with loft
Privacy. Low density. Suits expatriates.

Cavenagh Lodge - Quiet facing with 1, 2 and 3 bedroom available. Downtown, near Somerset subway.
- 1 Bedroom (626sqft) at minimum $2K
- 2 Bedroom (1216sqft) at minimum $3,5K
- 3 Bedroom (1482sqft) at minimum $4,2K (with patio)

Chancery Grove - Limited townhouse units available. Mainly Expatriate family community.
- 3 + 1 sunken living + 1 store (2540sqft) at $6K
- 3 + 1 basement + 1 store (2260sqt) at $5,4K. Swimming pool. Greenery. Near to Newton and 2-min drive to downtown Orchard Road and the American Club.

Banyan Condo - Near to Science Park
3+1U (1582-1873sqft) at $3K

Meadow Lodge
- Brand New unit
3+1 U (1206-1335sqft) at $3K

Serenity Park - Yio Chu Kang area
- 3+1U (1313sqft) at $1.7K. Expats working in Seletar, Sembawang.

Some of the above units are described in http://www.asiahomes.com, goto SUBDIVISIONS.

To view, make an appointment with:
Housing Agent: Judy
Tel: +65 9668-6468
www.asiahomes.com

Thursday, September 01, 2005

Sep 1, 2005. FOR RENT. Townhouse Near Australian School.

FOR RENT

NEAR AUSTRALIAN SCHOOL

Golden Villas. New corner terrace, 3 storey with roof garden. 4+1 $4,500. Near Australian School. 1-minute drive or 10 minutes walk.

Tel: judy +65 9668-6468
judy@asiahomes.com

Tuesday, August 02, 2005

SURVIVAL SECRETS - Driving an old bomb

August 3, 2005. Driving an old bomb.

"If the person is that good," the prospective 40-year-old employee said to me, "He will not consider working for asiahomes.com as a manager."

At the end of the first interview which took over 2 hours, he parted saying that he had not decided. So, I felt that he was not that keen and asked him to write down the scope of his duties and what he could offer me.

He had expected a monthly allowance of $2,000, 50:50 sharing if agency commission is less than $10,000 per case and 60:40 if the amount is more than $10,000.

"Do you know how to use info-tools (an online database)?" I asked at this second interview. I thought he had left real estate 3 years ago. He was talking of networking and Straits Times Classifieds to source prospects.

"Never heard of it."

He had no experience in residential real estate and had been out of the real estate industry for seven years. How could he manage my agents if they don't respect him? He acknowledged his weakness but was willing to start from the bottom. So, he said. However, he would not be able to do expatriate rentals as competitors have better and bigger cars and he would not be able to project an image of a successful realtor. Worse, he might damage the reputation of the company by association.

"Would you mind spraying your car?" I asked. I was willing to give him an opportunity and advance him the $500 to spray his car. When he earned the commission, he would pay the company back.

The paint work had dried up. The black body paint was wavy and as wrinkled as the oldest man in the world.The boot paintwork peeled off revealing a white paint.

Image is important for real estate residential work as we drive expatriate clientele to see prospective houses and condos. Agents who drive Mercedes, no matter how old it is, commands some respect. The interviewee was driving a small Japanese car which must be over 13 years old. It is extremely difficult to spot such a car in Singapore as almost 100% have decent paintwork.

Was this prospect just using me as a stepping stone for better offers? Nobody can read another person's mind. $2,000 is a lot of money to pay a manager who does not want to let me know how many days off a week he wants and how many hours of work he will devote to building up the company.

I was willing to give him an opportunity. He was extremely reluctant to spend $500 to re-spray his old bomb. Maybe he was not hungry enough as he had just left a $2,000 job recently. We parted amicably. I had known him for 3 years when he was managing a non-real estate job and had impressed me with his hard work and excellent public relations skills.

This is sad. But life is like that.

Friday, May 27, 2005

SURVIVAL SECRETS - Frequent communications and updates

SURVIVAL SECRETS FOR HOUSING AGENTS.

REGULAR AND FREQUENT COMMUNICATONS TO THE CLIENT ARE TOP PRIORITY IF YOU WANT TO BE SUCCESSFUL.

1. This is a letter from a prospective client of www.asiahomes.com.

2. I have high-lighted what the other side thinks of you (the housing agent) in bold letters. Somebody unprofessional who does not even provide reports or feedback? Who could not be bothered with an exclusive marketing contract even to let the client know what's happening to his property being marketed? Unfortunately, this is a common scenario of many housing agents.

3. I have given some answers to his queries. See below.




Thanks a lot for your email and the link to your company website.

Here’s our situation: We purchased this flat about 10 years ago(it locates
at corner, but no lift at that level), and left Singapore 7 years ago to US,
the flat has been leased out since then. We started marketing our HDB flat
in February this year; Our current housing agent was incharge of hiring
contractors to clean the house etc. and has been working on marketing our
flat exclusively for nearly 90 days and still cannot make it. He never shows
us any of the advertisement for our flat, we just doubt about his marketing
ability and started losing our confidence in his work.

Right now, the condition of the flat may not exactly as nice as the pictures
show after 7 years leased out, I believe. I think the wall and bathrooms may
need re-paint. Also, we have some personal stuff in the small room, other
than that, it's move-in condition.
Here’re some questions hope you could help us,

1) What's your company's marketing strategy? What's the media your company
usually put the advertisement on?


MARKETING STRATEGY.

1. MEDIA
1.1 Regular but affordable advertisements in the Straits Times on Wednesday and Saturday, but CLIENT PAYS for the Straits Times advertisement upfront and gets the bills and invoices as well as weekly reports. If client is unwilling to pay, let us know.

1.2 Internet advertisements at 2 national agent-subscription websites
1.3 Internet advertisements at at www.asiahomes.com website front page.
1.4 Flyers in the neighbourhood and word of mouth.
1.5 Open house on Sunday afternoons may be planned depending on situations.
1.6 Other methods as situation permits.
1.7 Co-broking is actively encouraged to close sale very fast.

2. QUALIFY THE SELLER
2.1 Exclusive marketing contract for 90 days.
2.2 We accept genuine Sellers. They are usually realistic and not asking for high prices. Better not to handle cases deceiving Sellers that their unrealistic prices are attainable and then tell him the bad news. Don't handle cases where the Seller is in "no hurry to sell, but just testing the market."
2.3 Property marketed must be in good condition. New coat of paint, repaired defects and clearing of rubbish. If the client is not willing to make the residence marketable, we should not take in such properties as we are wasting our time.

2) Usually how long does your company need to sell out a flat?
Varies with the market demand and the Seller's expectations of selling price. As short as 1 week and no sale if the property is in poor location or exposed to main road traffic noises or some unfavourable conditions.

3) The valuation report($188K) for our flat was made at early March, it will
be expired at early June. Do we have to re-do the valuation again? Our
bottom line price is 185K, how do you think of it?


Needs new valuation report payable by the Seller. Bottom line price from June 2005 depends very much on the valuation report as the HDB now clams down on an illegal practice prior to the first quarter of 2005 to inflat the selling price to get a higher loan.

4) We need a power of attorney (PA, maybe with partial power because I'll be
back to Singapore personally to attend the second appointment at HDB to
close the transaction at the final stage) to sign related HDB documents on
behalf of us, are you willing to be our PA? If yes, could you email us a
copy of your photo so that we can "see" you?


First impressions are important. Try and get a professional photographer to take a decent picture of you. I prefer that lady agents do not display low cuts or sexy soft looks and that the men do not show beards, side-burns or moustache. Look professional rather than look highly sexed.

5) Is there any sole agency agreement we need to sign, could you please
email me a copy of it?

YES. However, qualify the Seller first and go to the ground to check out the property first. We don't want to waste our time marketing un-sellable properties as time is of the essence. We don't earn a cent till we close.


THIS REPLY IS FOR THE EDUCATION OF NEW ASIAHOMES.COM AGENTS AND IS A REAL CASE STUDY.
Dr Kong Sing
May 27, 2005

Tuesday, May 24, 2005

SURVIVAL SECRETS FOR NEW HOUSING AGENTS - Focus

SURVIVAL SECRETS FOR NEW HOUSING AGENTS - PASSSION, MONEY, HARD WORK AND BEING AVAILABLE

"Long queues, long waiting time," a new pet shop operator said to me as he wanted to open a veterinary practice in Singapore despite my discouragement. "The vets must be making a lot of money."

Obviously successful veterinary practices have been established for over 5 years and the proprietors have had worked hard to build up the practices. I have seen unsuccessful practices closed down but nobody talked about them. The grass is always green on the other side (if it is successful).

1. FINANCIAL STRENGTH.
I discouraged him from setting up a veterinary practice not because a new veterinary practice would be one additional competitor. Competitors are inevitable. Under-pricing is a fact of life, even amongst veterinarian.

This pet shop operator was not financially strong. As I go around the pet shops and breeders vaccinating puppies, I get to know who is doing well and who is not. His employees would tell me that they have had not been paid promptly or their salaries had been delayed. I did not want to be brutally frank.

2. TIME TO BUILD UP - ONE YEAR.
I mean, the employee veterinarian of this proposed veterinary practice will just pack up and go once he or she sees that the proprietor has no money even to pay staff. The younger generation is not going to be patient to wait till the veterinary clientele builds up. This takes about a year. With changes of veterinarians or no vets being available due to poor finances, how could this practice be built up?

3. REGULATIONS.
How could this proposed practice adopt the various regulatory demands if the proprietor has not much money to operate daily? These regulations need money to construct or buy equipment. To service them. To maintain a standard of care that is expected of a veterinary practice by pet owners and by regulatory authorities.

4. SUPER STAR. The vet is the super star of the proposed veterinary practice. If this professional sees that the investor is not prepared to pump in more money to build up the practice, delaying his salary payment, he will just look for other busy clinics to gain more experience and build up his expertise so that he will open his own practice. The practice cannot be open if there is no vet.


CONCLUSION.


In this example, you can see that there is no PASSION, MONEY or HARD WORK and therefore, the pet shop operator who is not a veterinarian and who has no money (to be brutally frank), will not be able to retain a good veterinarian who will make money for him. There is something wrong with his thinking but I may be wrong for being negative.

I may be seeing half a glass of water as empty while he is seeing half a glass as full of opportunities to make money. If he can find investors to pump in money that is, using OPM (other people's money), he would prove me wrong.

In real estate work at www.asiahomes.com, I note that my successful agents are those who have passion in focusing on the clientele and able to have some money to pay for the car and office equipment. Hard work is second nature to them.

BEING AVAILABLE is a very factor in success not stated in most articles and books on HOW TO BE SUCCESSFUL IN REAL ESTATE.

If your mobile phone is switched off most of the time and you are lazy or not interested in replying to emails within 24 hours, you don't expect me to refer any more cases to you or to entrust you with clientele of asiahomes.com


For those of you wanting to go into real estate as self-employed, you still need to have PASSION, MONEY and HARD WORK (working day and night). And be available at least during the 8 am to 10 pm period of time. If not, I don't know how you can survive or support your family.

Friday, May 20, 2005

May 20, 05. Bungalows with pools for rent

May 20, 2005

EXPATRIATES.
FOR RENT. BUNGALOWS WITH POOL

1. Nassim 15,000 sq ft
2. Third Avenue, 20,000 sq ft
3. East Coast Conservation, brand new.

Unable to co-broke with agent.
Expats: Phone Judy +65 9668-6468, judy@asiahomes.com, drsing_98@yahoo.com
Website: www.asiahomes.com