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.

Three Most Experienced Real Estate Scams

The investment scams abound massively at all levels of the real estate market.  The agent may embezzle millions of money while the contractor may exploit the property owner millions of dollars.  Therefore, you should protect yourself through the application of various measures of legwork and vigilance. Consequently, you should exercise common sense as well as the skepticism. Here are three most experienced real estate scams.

1. Online rental scam

You may find a rental property being advertised online through classified sites such as the Kijiji and Craigslist.  The ads may use the photos and information clearly describing the property that has already been “scraped” or withdrawn from the legitimate ads like those on the MLS. Consequently, the scammer may impersonate the agent, property manager, or the landlord and then respond to the calls and emails from prospective tenants. The scammer may propose to meet the renter of the property site so as to exchange the house keys, collect rental deposits, as well as

 

2. Title scam

This is one of the devastating scams for property owners.  It usually begins with identity theft. In most cases, the scammer may present false documents so as to pose as the legal owner of the property. He may use forged documents to transfer the property ownership from the legal owner to the buyer.  Additionally, the scammer may use the forged documents to secure the mortgage against the property. Immediately after receiving the money, the scammer leaves the owner on the hook for paying for the debt.  These forms of scams are highly experienced in homes or houses that are free and clear of the mortgage.  The old homes are likely to be possessed by the old people who are less aware of the effective measures to guard the property against theft.

It is highly advisable for the buyer to first inspect the property before doing the transaction. The “Title insurance” is considered as the best measure of protection against Title scam.  The title insurance also guards the property owner from the existing liens more so, against a property’s title, encroachment issues, and errors in public records and surveys.  Such liens include unpaid taxes, unpaid debts from utilities and mortgages.

3. Home-equity and Foreclosure scam

The scammers may take advantages of the property owners who run short on funds for various liabilities such as the mortgage payments.  The Foreclosure scams occur when the property owner experiences financial difficulties especially in making mortgage payments. The scammer approaches the owner and offers to give a loan cover expenses as well as consolidating any pending loan in exchange for the upfront fee.  Furthermore, the scammer may convince the owner to sign an agreement to transfer legal property title.  Immediately after the transfer is completed, the scammer may ignore all bills and taxes of the owner and remortgage and absconds the property leaving the owner without a house but still in debt.

signing a tenancy agreement. The victims will realize that were conned when they show up at the property site just to discover that the apartment is already occupied.