After winning the tender from the Housing and Development Board (HDB) in October, Global Real Estate renovated the block at Bukit Merah View and response has been good.
Tenants said they would gladly pay up to S$3,200 for a rented four-room flat at Bukit Merah View. Related Video Link - http://tinyurl.com/27wqjx
Half of the tenants at the 35-year-old block are students, and the other half includes expatriates, locals and permanent residents.
Ninety-six units at the block now have wood floors and new furnishings. The newly-renovated block even has guards and security systems.
Although the property agent manages the block, common areas such as lift landings are still maintained by the town council.
Global Real Estate has a three year lease on the block.
The HDB had earlier also put up three- and five-room and executive flats for rental through private property agents in areas such as Jurong West, Sengkang, Boon Lay and Hougang.
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