Serviced offices for rent in Singapore at Chevron House

What is a serviced office?

Before we get into the whereabouts of serviced offices in Singapore, it’s essential to know what they exactly are. There are a few terms coined for these kinds of offices like managed offices, business centers, and executive suites. They are fully facilitated and managed by a management company which basically rented the whole space. These offices or sometimes, even the whole floors, are then rented to the companies. A lot of public buildings today are offering serviced offices for rent in Singapore. One of them is the Chevron House.

Chevron House – the grade A building with serviced offices for rent in Singapore

IMG_20150404_173614Chevron House is a grade A skyscraper building, 32-storey high in Singapore’s CBD. It is a modernly designed building of today and offers convenience and easy accessibility to Raffles Place MRT. Some of the features of their offices are the following:

  • Sound proofing system installed so that noise does not travel unnecessarily within different rooms.
  •  They have tried to encourage working men to develop a network among fellow men by creating collaborative spaces. This is ideal to make interaction easier and productive at the same time.
    High speed internet connectivity is accessible at all times.
  • IP phone system of enterprise level is incorporated so that everything runs smoothly and communication is never disrupted.
  • There is a secured co-house server for their clients to host their equipment with the management company which basically gives them a bulky storage space and let them have their close by.
  • There are private meeting rooms for conducting formal meetings and interviews.
  • A range of environments for informal discussions have been created.
  • Workshops are timely arranged so that while people work, they also get to learn something from experienced, known and well-educated professionals.
  • A good agreement term is offered – businessmen renting serviced offices in Chevron House are supposed to pay only for the services they use. Its fair dealing and cost-effective strategy planned for the businesses incorporated there.
  •  t is not just a working space. It is a whole community because it resides in the Raffles Place which already has a lot of cafes where one can dine in during lunch hours. There are retail shops, malls and a complete transport system to travel via bus and train.
  •  CCTV surveillance for 24 hours is provided.
    Ergonomic furnishing

There is a short term and long term rental agreement offered to the companies that rent serviced office at Chevron House. Powerfully equipped, it’s the prime building providing serviced offices for rent in Singapore today!

Loan Modification Scams Is Happening Everywhere

Loan modification Scam can also be referred as the Mortgage Compression.  In this case, a fake lender will promise to help you in settling down any mortgage debt especially when you are facing difficult situations financially.  Usually, if you don’t commit your monthly mortgage payments, you risk a foreclosure of your property. Therefore, the so-called modification companies will promise to help you in paying the outstanding loan after you have paid them an upfront fee of a specific amount.  If you can’t raise the upfront fee, they will ask for other sophisticated ways as bait.

Watch this video on mortgage loan modification scam

 

These companies will come up with a “scheme” of refinancing where they will ask you to be paying the little amount and then they will pay the rest.  At this stage, they will ask you to pay them hefty fees and therefore ask your bank account information.  Eventually, these companies disappear with all amounts in your bank account, and they don’t make payments to your lender as you agreed and you are left with a foreclosure notice. That form of scam has been common in the Real Estate in recent years.  It is very critical to try and avoid this type of a scam. If you are buying a property in Singapore, we advise you to seek professional opinions from your real estate agent in Singapore.

These companies will even call you and pretend to be associated with various government-initiated programs such as HARP or HAMP.  Others will ask to offer you foreclosure counseling or even government loan modification programs.  Typically, these scammers have very convincing websites with even government logos at the end of them.  Other websites may be having a caller id on the phone call and an official name.  They will ask you to pay for the processing fees in your third or fourth meeting.  In this case, you should act vigilant and be very careful when you are dealing with these types of companies. Many property owners think that such scams will only happen to residential property owners. In fact, it is also affecting owners with commercial properties such as office space.

To avoid this type of fraud, you should not pay an up-front fee for their services. If they ask for upfront, you should beware of the scam.  In fact, it is illegal for any loan modification companies to charge you a fee in advance.  Since the foreclosure is normally processed by the government, nobody should guarantee to protect you from foreclosure.  If anyone or a company offers you such a “guarantee,” you should understand clear that is a scam.  Consequently, you should not sign any document that you don’t understand.  Additionally, you should beware of any person who asks you to send your personal financial information or pretends to offer “official” foreclosure counseling services and then ask you to pay for the services.

Irishmen Sue Local Agent and Friend Over Misrepresentation

Several Irishmen have sued a local real estate agent (and friend) for fraud after they found out some information about a 2008 home purchase.

HC 1In 2008, Ireland residents Paul Donnelly, Robert Galbraith and Ronald Fair purchased the 3,868-square foot waterfront Belleair Beach home, located at 319 Belle Isle Ave., from trusted friend and licensed real estate agent Paul Kelly.

The property was listed for close to $2.3 million, but since it was a foreclosure property, the home could be bought for a $1 million less.

In order to secure the property, the trio wrote two separate checks – one for $40,000 (property deposit) and $132,500 for the fees related to the foreclosure.

The trio opted to sell the home in 2016 and looked over the initial purchase’s closing documents. This is when they found out the truth about the sale and home.

After looking at the HUD, they found the $132,500 payment to Kelly was not recorded – and they have no idea what it was spent on. They also found out the property was not listed for over $1.7 million. In fact, it was listed for less than $1.3 million.

Since the previous owners paid cash to buy the property, the home wasn’t in foreclosure.

Since the men were not in the country when the property was purchased, they trusted Kelly to ensure they’d get a good deal. They have filed a lawsuit, and Kelly faces five counts of breach of fiduciary duty, fraudulent inducement, deceptive and unfair trade practices and negligent misrepresentation.

Preventing Real Estate Scams: Demand A Written Lease

With the high rate of scams in the real estate industry, a tenant should always apply preventive measures so as mitigate the chances of becoming a victim. It’s indeed a bitter experience to lose all your money to a scammer. To avoid this, never do a transaction without demanding for a written lease.  A written lease is very critical in any transaction done in real estate industry. This is because it can be used for future reference in case of any problem between a tenant and a Landlord.

Check out this video for some of the common rental scams

 

Though Oral leases are still valid in some states such as Illinois, sometimes they turn to being are problematic in several ways.  Under such situations, the tenant can easily lose his security deposit since there is no prove to show that he paid the amount.  If your Landlord insists on a month-to-month lease, that is okay, but you need to demand on the written lease so as to prevent scam.  Consequently, the written lease lays out the rights and responsibilities attached to each party. Therefore, the tenant will be able to clearly understand his or her rights and responsibility in the rented apartment. On that note, you will not be conned by the Landlord.

Additionally, a tenant should also demand a copy of the lease signed by the landlord.  You don’t have to allow the landlord to retain both copies.  In most cases, the landlord will give an unsigned lease copy to sign then ask you to send them back to him for signature, but they never return fully executed copy to the tenant.  In that case, you need to follow up and demand your duly signed copy.  Nevertheless, ensure the landlord has already signed the copy before picking it. Some landlords are scammers, and they can use any method to fraud his tenants.

Ideally, the tenant and landlord should sign the lease in the physical presence of each other.  The landlord should come with an original and duplicate lease copy so that after signing each can walk away with a copy. However, that is opposite with most of the landlord with evil motives.  It is for you to learn the intention of your landlord so as to prevent being conned.

If you need to prevent yourself from being a victim of the money scam, then you should carefully read and understand the above tips. This article will help you to avoid the possible scams by demanding for written lease from the landlord.

How Do Rental Scams Work?

You need to be more vigilant when transacting in real estate. You must research extensively and educate yourself on the possible rental scams that exist in the Real Estate industry. Consequently, you need to be more careful when signing any document either for selling or buying an apartment. There are numerous Scams that you may experience and end up losing a huge amount of cash. To avoid this loss, you need to read and understand how the rental Scams works.

Here is a video related to “How Do Rental Scams Work?”

Is there any person asking you to send money via Prepaid Visa card, Western Union, or Moneygram? Found a deal which is so good and profitable to turn down? Has the owner of the property moved to another apartment and cannot show you the transacted property? These are some of the possible Scams used to con or defraud person into giving up personal information or wiring money.

The technology advancement has enhanced the issue of Scam in the Real Estate. The Scammers uses various methods as well as the tools to post fraudulent listing scams on different internet sites.  The commonly used method includes: First, manually copying the already existing list of available properties and post them in a rental listing with new prices. Second, the Scammers may also take already existing list and re-post is a new rental listing in a different site for re-sale. Third, the Scammers tend to use the listing management tools as well as syndicating the scam across a number of internet sites. In this case, you may find a similar rental property being advertised at several sites under the same user.  Additionally, the similar property may possess different price quotes. If you face such cases, you should know that a scam and avoid it.

Nevertheless, the scammer usually asks a few things or direct questions. Some of the few things that a Scammer will ask includes; urgency, transfer of money through a prepaid Visa, Moneygram or the Western Union, and the personal information.  In most cases, the Scammers do not ask the other party to sign any legal document, and if they ask, the document is not genuine or original.  They tend to use forged papers to avoid arrest.  Normally, the Real Estate transactions are supported by a legal and genuine document for future reference in case of any arising problem with the contact. Moreover, the Scammer conducts their transaction in a hurry without considering crucial supporting documents like Title deeds.

To avoid the possible scams, you should learn the above-highlighted signs of a scam. Be vigilant and more careful not to fall into the trap. Do thorough research on the targeted property before commencing transaction process.