I disagree slightly on keeping the rationale too spare. At $906,200, the seller may dismiss it unless the offer distinguishes dated finishes from genuine unknowns. Attach the strongest completed comparables you can verify and explain the adjustments briefly. Asking prices do not establish value...
When does the current tenancy end, and what does the tenancy agreement say about renewal and notice? Those facts matter before choosing a number.
I’d also check whether the S$7,133 listings match the same building, condition, furnishings and inclusions. If utilities or services differ, the...
Is the $4,079 expected rent for the whole duplex or for the 1-bed portion, and is either part currently occupied? That changes almost everything. I’d also want to know who pays utilities and whether the management estimate includes leasing and turnover work rather than only monthly collection.