On May 28th, 2024, my tenants confirmed (through my property agent) that they were not going to renew the rental contract which will end on July 31st, 2024.
On June 10th, 2024, my property agent had found new tenants for me. They will start the tenancy on August 1st, 2024. Perfect. The new monthly rental is S$4,000, an increase of 8.11%. It's a 4-room HDB flat.
On June 13th, 2024, I had received one month faith deposit (security deposit)!
My property agent is simply amazing.
She always does a good job. I am very happy to pay full commission to her too. :)
From year 2022 to 2024, my rental had increased 86.05%.
Rental yield now is 13.52%.
The new tenants agreed to rent by viewing the video of my unit.
A quick check on the 4-room HDB rental transaction for the past 12 months at Toh Guan HDB estate (Jurong East), filtering the rental from S$3,701 to S$5,000 as my current rental was S$3,700.
There are 15 units rented out above S$3,700. The highest rental was S$4,600, rented out in July 2023.
The second highest rental was S$4,000 and there are 3x units.
I will be the 4th unit clocking S$4,000 rental at Toh Guan. Second highest!
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