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REALLY??? Cmon now, thoughts on RENT in Singapore...
Posted: Sun, 17 Apr 2011 10:02 pm
by Robnc
Really? 1000's of $ a MONTH? How do people do it? we are exploring the possibility of a move to singapore, but the rental market is just crazy. I know it is what it is, but HOW did it get that way? Are there any publications or online resources for finding places that arent as much as all the properties listed on this site? I looked at craigslist, but anyone using any other kind of search tool? Sorry to whine but wow.......I am in shock!!!
Posted: Sun, 17 Apr 2011 11:31 pm
by FaeLLe
Welcome to Singapore I suggest you consider a hdb far away from the city?
Posted: Mon, 18 Apr 2011 2:02 am
by ksl
FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too
Posted: Mon, 18 Apr 2011 2:42 am
by Robnc
wow. thanks. guess we will be rethinking this! cheers
Posted: Mon, 18 Apr 2011 4:06 am
by Mad Scientist
Two words
Demand & Supply
Posted: Mon, 18 Apr 2011 8:05 am
by FaeLLe
ksl wrote:FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too
Your right ksl, I know a colleague who is paying 3000 sgd pm for a 3 bedroom bhk hdb (new style upgraded hdb with only 2 units per floor).
In comparison just 5 months ago before he took his lease last year when I was renting I paid 2100 for a 2 bedroom
condo in kembangan...
Markets are so steady rising it's as if the later you take it up the more you pay.
Posted: Mon, 18 Apr 2011 8:54 am
by Saint
Mad Scientist wrote:Two words
Demand & Supply
And greed!
Posted: Mon, 18 Apr 2011 9:05 am
by ev-disinfection
Mad Scientist wrote:Two words
Demand & Supply
and good economic growth (property price boom) + stable gahmen.
Posted: Mon, 18 Apr 2011 9:59 am
by nakatago
Saint wrote:Mad Scientist wrote:Two words
Demand & Supply
And greed!
+1
Posted: Mon, 18 Apr 2011 10:24 am
by JayCee
Mad Scientist wrote:Two words
Demand & Supply
2 more
Greedy landlords!
Posted: Mon, 18 Apr 2011 3:09 pm
by JR8
JayCee wrote:Mad Scientist wrote:Two words
Demand & Supply
2 more
Greedy landlords!
I not sure why some people think a vendor should take less than the market is willing to pay
Posted: Mon, 18 Apr 2011 3:22 pm
by JayCee
JR8 wrote:JayCee wrote:Mad Scientist wrote:Two words
Demand & Supply
2 more
Greedy landlords!
I not sure why some people think a vendor should take less than the market is willing to pay
There's the thing though, landlords in Singapore who are renting
condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice
The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.
I can't speak for HDBs, but I wouldn't be surprised if similar happens there.
Posted: Mon, 18 Apr 2011 3:35 pm
by nakatago
JayCee wrote:Mad Scientist wrote:Two words
Demand & Supply
2 more
Greedy landlords!
and greedy agents.
Posted: Mon, 18 Apr 2011 4:03 pm
by JR8
JayCee wrote:JR8 wrote:JayCee wrote:
2 more
Greedy landlords!
I not sure why some people think a vendor should take less than the market is willing to pay
There's the thing though, landlords in Singapore who are renting
condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice
The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.
I can't speak for HDBs, but I wouldn't be surprised if similar happens there.
Interesting. I wasn't aware of the acceptance of voids in SG. One of the key mantras for the more experienced UK landlord is 'Voids kill', i.e. it is better to have a place let at a price lower than you had hoped for, than to have it sitting empty.
Posted: Mon, 18 Apr 2011 4:04 pm
by JR8
nakatago wrote:JayCee wrote:Mad Scientist wrote:Two words
Demand & Supply
2 more
Greedy landlords!
and greedy agents.
I think there is a lot of truth in this!