Rental revision not 10%; no renovation cost deal
I REFER to the Bloomberg article "S'pore empty homes may climb to highest since 1998" (BT, Jan 19).
I am Sam King's landlord, and I can confirm that the rental revision was 3.75 per cent lower, not 10 per cent as the article stated, and that I have not agreed to "split some renovation costs, and provide new curtains and lights".
While I am sure that your readers are well aware of the softness in Singapore residential rents, I am equally sure that they would appreciate the correct information.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access