The perils that landlords in Singapore face in a Covid-19 market

Make sure you do checks and are insured before you rent out properties

While residential rent amounts have not suffered as much to date, there are signs that demand has weakened significantly as more workers lose their jobs or leave Singapore during the current Covid-19 outbreak. ST PHOTO: KUA CHEE SIONG
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The landlord of a new luxurious condo was especially proud that his unit came with the most expensive and sophisticated kitchen appliances. But never did he expect that this would result in a misfortune for him - his tenant's domestic helper misused one of the appliances and triggered an explosion and fire.

While no one was hurt in the incident, the condo suffered serious damage that needed $75,000 to fix. Luckily for the owner, he had adequate home insurance to pay for it.

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A version of this article appeared in the print edition of The Sunday Times on November 01, 2020, with the headline The perils that landlords in S'pore face in a Covid-19 market. Subscribe