Based on the cases provided. calculate the income received: i) Mrs. S owns a freehold property in Jurong East, Singapore. She receives an income of dollar 24,000 every year for 9 years from her rented...

Based on the cases provided. calculate the income received:

1. i) Mrs. S owns a freehold property in Jurong East, Singapore. She receives an income of dollar 24,000 every year for 9 years from her rented property. Market rental is anticipated to increase to dollar 12,500 per month in the 10th year.

Calculate the market value when the required rate of return is 7% per annum.

2. ii) Mrs. Kobe owns 2 acres of freehold commercial land in New Jersey. She leased the land to Mr. Chris at a dollar of 120,000 per acre/per annum for a period of 15 years. Mr. Chris then sub-leased the land to Mr. Shang Chi for a period of 10 years with a rate of payment at dollar 50,000 per acre/per annum. The rate of return for the same properties is 7% per annum and sinking fund at 3%.

Estimate the income gathered from this investment to Mrs. Kobe and Mr. Chris.

3. iii) XXX landlord needs a dollar of 250,000 to refurbish a condominium in five years' time. He will save money from rental income (paid monthly in arrears) each year and has found a safe investment paying a nominal rate of 3% per annum.

Calculate the monthly amount the landlord should invest.