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Singapore is a great island nation that is renowned for its shipping and manufacturing. It is a leading tourist destination due to its casinos, beaches and great weather. It has also firmly established itself as a leading destination for medical tourism with over $3 billion dollars raised annually.
Toa Payoh is a district that is found in the central part of Singapore and it is also the name of one of the earliest satellite public housing estates built in Singapore. The name means swamp and refers to the large swampy area that was there before it was converted into Chinese market gardens.
Once a squatter district the squatters who were engaged in farming and the rearing of pigs were offered great monetary incentives to move before the land was cleared and developed. The town centre was the first of its type and is surrounded by separated neighborhoods that have their own shopping amenities, community centers and with a good road network.
It has become increasingly popular with many shopping malls hosting all major department stores found there. One of the best things about it is the Toa Payoh Town Park which is very popular and attracts visitors from far and wide who come to enjoy the willows, bamboos, waterfall found at the heart of the park and the cluster of islands linked by several bridges making for an excellent walking experience. There is also a children’s park, tea kiosk and it is well light and insulated from all the city noises through a steep slope planted with trees.
It is easier to engage the services of a professional realtor as they will represent your interests, give you the best possible deal and advice you on anything you need. You should also hire only one agent as hiring more than one will lead to a waste of time. You agent will prepare the necessary documentation such as the letter of intent and the Tenancy agreement.
A letter of intent is a very important document that spells out your intention to lease and your requirements to the landlord. It has several clauses that are very important such as the diplomatic or repatriate clause which is there to safeguard you if you lose your job or are transferred to a different country. It allows you to terminate your lease after one year by giving a two month notice and ensures that the security deposit is refunded.
The booking deposit ensures that the landlord cannot rent the property to someone else and it becomes your security deposit once the tenancy agreement is signed.
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