Singapore's Property Rental Market "REDICULOUS"!!!
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What do you people think of the current property rental market?
I rented a 3 bedrooms condo at bukit batok 2 years ago for $1300 and now the landlord is asking $2500 for it! That is like nearly double!
I know its the current market price and I really dont mind paying that amount but I dont even have a 100% pay rise!
So what do you people honestly think and what do you think will happend after 2 years (increase another 100%)???
Updates
Now getting really rediculuos! Read straits times today (25 July 2007), 3 bedroom HDB at Jurong East renting for $2,500 per month! So I guess this is the new trend???
Now I guess condo will raise it even higher??? -
is property market experiencing a bubble at the current moment?
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I should think so, but regardless of bubble, landlord are scaring their tenants away with 100% increase in rentalOriginally posted by monkeybusiness:is property market experiencing a bubble at the current moment?
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Anything good for the rich... the dishonorable dictators do not care even if the majority suffers for it...
Property Prices Rise at our expense
and after the damage is done, they come out and say some soothing words to "prove" that they are not corrupt....
Check spike in office, property prices or lose competitiveness: MM Lee
What happened to "prevention"? or were they too stupid to foresee it when I foresaw it in... in May 2006, more than one year ago? (see first link above): posted at 02:27:06 on 05/09/06 by Andrew PK Yap - Category: Columns
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downgrade to HDB.Originally posted by WHATODO:
What do you people think of the current property rental market?
I rented a 3 bedrooms condo at bukit batok 2 years ago for $1300 and now the landlord is asking $2500 for it! That is like nearly double!
I know its the current market price and I really dont mind paying that amount but I dont even have a 100% pay rise!
So what do you people honestly think and what do you think will happend after 2 years (increase another 100%)??? -
Why are you complaining when you are renting a condo? If it is a HDB 3 bed room flat and the landlord is asking 2500 dollars for it , then I will sympathise with your position.Originally posted by WHATODO:
What do you people think of the current property rental market?
I rented a 3 bedrooms condo at bukit batok 2 years ago for $1300 and now the landlord is asking $2500 for it! That is like nearly double!
I know its the current market price and I really dont mind paying that amount but I dont even have a 100% pay rise!
So what do you people honestly think and what do you think will happend after 2 years (increase another 100%)???
Like what crazy monkey says downgrade to a HDB rental. -
Some of these renters after having a taste of condo life refuse to give up the luxury that comes with it like the 'wimming poo', the 'jim', la 'tenis court, 'de sauna'.
HDB where got all this facilities.
That reminds me it's about time to increase rent on my renter -
tenantsOriginally posted by FocusPoint:Some of these renters after having a taste of condo life refuse to give up the luxury that comes with it like the 'wimming poo', the 'jim', la 'tenis court, 'de sauna'. HDB where got all this facilities.
That reminds me it's about time to increase rent on my renter
landlords -
3 bedroom condo for $1300 is too cheap a deal to be sustainable. I rent a HDB 5 room for $1200 in Sembawang. TS can look in that area if interested.
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Let the market decide. Those who cannot afford, downgrade to HDB or go back to their home country (for foreigners).
The landlord might be asking very high price but he will have to reduce if no takers.
Anyway the rental market has been poor last few years, now economy is better, it is only right they increase cos owners also have to pay bank loans -
I ask about the price of 3 bedroom (rental), the agt told me $4000 worse than yoursOriginally posted by dracky:3 bedroom condo for $1300 is too cheap a deal to be sustainable. I rent a HDB 5 room for $1200 in Sembawang. TS can look in that area if interested. -
So I guess 100% increase in rent is ok for eveyone here? Cause it seems that, either it is HDB or Condo the rental price has increase to 100%.Originally posted by fymk:Why are you complaining when you are renting a condo? If it is a HDB 3 bed room flat and the landlord is asking 2500 dollars for it , then I will sympathise with your position.
Like what crazy monkey says downgrade to a HDB rental.
Is our current salary really match to the current property prices (rental and owning a house)? Are we all going to be slave to the property and no savings? -
Buy loh.
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lau lee has spoken .... it'll come down soon ... -
Lau Lee?Originally posted by Fatum:lau lee has spoken .... it'll come down soon ... -
Didn't GCT said recently that property is still affordable to locals??
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Yes, affordable for the 'Rich' locals (minority) and not for the 'normal' locals (majority).Originally posted by ShutterBug:Didn't GCT said recently that property is still affordable to locals?? -
... and that's probably what GCT omitted in his statement...Originally posted by WHATODO:Yes, affordable for the 'Rich' locals (minority) and not for the 'normal' locals (majority). -
the interest or opportunity cost of say $600,000 for a
3 bed room flat say,5 % is $30,000.$2500 pm!
Pl pity the landlord.He has to pay $2 to 300 maintenance plus
$70 to 150 property tax.
How much net profit he get ?
2.Dunt expect any one to subsidy your housing. -
Hi,Originally posted by WHATODO:I rented a 3 bedrooms condo at bukit batok 2 years ago for $1300 and now the landlord is asking $2500 for it! That is like nearly double!
$1,300 per month for rental of three-room condominium is a good bargain even by standards 2 years ago. One would probably be able to obtain that price only 8 years ago. $1,600 to $1,800 (from my estimation) would have been what it was worth 2 years back.
The steep increase in rental is due to two reasons. One, as I believe you would already have guessed, is the hike in property prices.
The second is the influx of wealthy foreign apartment-rent hunters.
The landlord probably decided to go market rate and you have my sympathies.
Regards -
heard from friends that they cant buy new flat after married in sg now bcos there is no new flats. they can only buy 2nd hand or ballot.
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u can choose NOT to stay in condo
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how long will the bubble last? lky say got a few more years to go. he obviously praying can last till next election. haha. but i think after china olympics everything will come crashing down. so if u wan to sell better sell by then.
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Hi,Originally posted by dreamykite:heard from friends that they cant buy new flat after married in sg now bcos there is no new flats. they can only buy 2nd hand or ballot.
By now, Singapore has lesser new flats than resales, hence, your friend is correct to an extent. He probably wants to buy a flat in a particular area.
Regards -
Some of the foreigners no choice but to buy the property cause rental is not worth it. The govt has been called to curb the high rental n property prices.