View Full Version : How much will rentals fall...
it is INEVITABLE moving forward...the rental of hdb/pc...etc etc is going to take a hit...my take is max about 20%....meaning like a 4rm hdb rental today about 2.5k...going to go to about 2k...whats your take:cool:
proud owner
03-02-14, 21:30
it is INEVITABLE moving forward...the rental of hdb/pc...etc etc is going to take a hit...my take is max about 20%....meaning like a 4rm hdb rental today about 2.5k...going to go to about 2k...whats your take:cool:
I actually think otherwise ...
I think HDB rental will be stable ...
PC on the other hand, esp CCR (be it 1,2,3 or 4 bedder) and those not so ideal locale condos will suffer a drop in rental ...
i am hearing that many are switching from condo to HDB renting ...
however the latest HDB rental to foreigner regulation will reduce the availability to foreigners ...
having said that condo landlords will be more OPEN to a lower rent ... knowing more renters are looking to HDBs...
Well located HDBs should be resilient for rentals. But those in far flung places like Sengkang would more likely slide. Especially if the foreigner cap is reached.
Ya provided your nosey neighbour dont complain you to HDB first, cos he 红眼you stay in condo and rented your house to foreigners making his life shit:D
then very soon, the confiscated hdb will be on resale list by force:D:D
wonder how the pinnacle owners felt when hdb take back their flat and they loose everything:D:tongue3:
let me count 1 hdb block has 13 floors x 8 units per floor= 96-you =97 x 4in one unit=388 pairs of 红眼:D
only 1 phone call, your life in shit:D
I wonder what proportion of landlords are illegally subletting? I would have thought it's more difficult now as the authorities are stepping up the enforcements.
the key lies with the garmen....I suspect they will do something soon. easy way to stabilize this is to open the gate, relax some rules....easy!
they are monitoring and if they don't do it or do it late, then they will be blame! instead of doing a good job in the end, in the eye of those majority, they did a lousy job!!! That's the risk. :2cents:
it is INEVITABLE moving forward...the rental of hdb/pc...etc etc is going to take a hit...my take is max about 20%....meaning like a 4rm hdb rental today about 2.5k...going to go to about 2k...whats your take:cool:
princess_morbucks
03-02-14, 22:19
During this new year, I had the chance of meeting some friends and relatives who reside in HDB.
They say more and more of their neighbours are becoming foreign tenants.
So they are hoping to move out of their old estate to a newer one.
So if the majority of Singaporeans want to upgrade to a newer HDB estate, then who will buy over the older HDB units?
Will there come a time where there will be surplus of old HDB units which can't be sold so easily by the ones who have bought and moved to the newer estates?
thomastansb
03-02-14, 22:24
I don't believe you can't sell a 5 bedroom for 350k. It is the price only.
During this new year, I had the chance of meeting some friends and relatives who reside in HDB.
They say more and more of their neighbours are becoming foreign tenants.
So they are hoping to move out of their old estate to a newer one.
So if the majority of Singaporeans want to upgrade to a newer HDB estate, then who will buy over the older HDB units?
Will there come a time where there will be surplus of old HDB units which can't be sold so easily by the ones who have bought and moved to the newer estates?
I don't believe you can't sell a 5 bedroom for 350k. It is the price only.
You'll be surprised, my friend just sell his 5 room flat at Bukit Gombak recently, nowhere near the mrt, for $650k
You'll be surprised, my friend just sell his 5 room flat at Bukit Gombak recently, nowhere near the mrt, for $650k
buyers are still prowling...:cheers1:
princess_morbucks
04-02-14, 10:09
I don't believe you can't sell a 5 bedroom for 350k. It is the price only.
Yes, the answer lies in the price.
I chatted with a relative who has moved from her 4 room BTO flat in Sengkang to an EC in Punggol.
She has moved 2 months ago.
At the peak, she could have sold at least $60k above valuation.
For the past few months she has marketed it close to valuation, and there are hardly any viewers.
Now she might need to sell it at valuation or even below it as the 6 month holding period looms.
Yes, the answer lies in the price.
I chatted with a relative who has moved from her 4 room BTO flat in Sengkang to an EC in Punggol.
She has moved 2 months ago.
At the peak, she could have sold at least $60k above valuation.
For the past few months she has marketed it close to valuation, and there are hardly any viewers.
Now she might need to sell it at valuation or even below it as the 6 month holding period looms.
she can appeal to hdb for extension;)
Sengkang may be having quite a significant number of upgraders in the same position. It's probably flooded with resale flats trying to sell after the MOP. Similarly flooded with flats for rental after the MOP, thus resulting in exceeding the non-citizen quota in the earlier batch. So much for relying on the proceeds of your BTO to fund your upgrade. That dream is going up in :simmering: Thumbs down from upgraders for the next election. :doh:
Which has more, upgraders or new owners.
if there are more new owners benefitting from lower prices, will they vote for pap. There are people who are just happy with 1 hdb:)
from the lower price they pay, they buy bmw 3 , 5 or 7 series:scared-4: or under my block, a 老beng uncle, porsche 911carrera :doh: but stay in 4 room flat:cheers1:
guess he spend more time on the road and nite club, then at home....image, image , man.
you cant carry your house wherever you go, but damn, you can drive your porsche to a valet and get the 5min attention everytime. :cheers1:
if need to see this sight, go over to tampines area around block 100s plus and slowly u will see
clemdale24
04-02-14, 11:28
wah u so observant. i never notice such things but im sure there are such ppl around. i dont really understand how they think. but ur right; house cannot bring around show off, unlike car.
Sengkang may be having quite a significant number of upgraders in the same position. It's probably flooded with resale flats trying to sell after the MOP. Similarly flooded with flats for rental after the MOP, thus resulting in exceeding the non-citizen quota in the earlier batch. So much for relying on the proceeds of your BTO to fund your upgrade. That dream is going up in :simmering: Thumbs down from upgraders for the next election. :doh:
another example of everything PAP's fault.
at buying side, wish everything to go down. now they are at selling side, wish everything to go up.
I'm not surprised at all at the situation of Sengkang/Punggol.
princess_morbucks
04-02-14, 11:51
she can appeal to hdb for extension;)
Thanks bro, she is aware of that.
But the longer she extends, the lower the price might become, she fears.
And she also needs the cash/CPF monies to fund her present EC.
Thanks bro, she is aware of that.
But the longer she extends, the lower the price might become, she fears.
And she also needs the cash/CPF monies to fund her present EC.
Then better sell even if the price has to be lowered. It might drop even more. The housing market and economy are fragile. Better have a buyer in hand than waiting around. I don't think the odds are in her favour for the housing market to pick up any time soon.
Obviously PAP fault lah! They were the ones who allow HDB flats to go up to $1m !!! If they keep the HDB flats' price flat for 10 years, say $400k for a 5-rm flat in Sengkang, and allow price to change only at inflation rate, nobody will have false sense and hope that they can make killing profit from buying and selling HDB flats! :beats-me-man:
another example of everything PAP's fault.
at buying side, wish everything to go down. now they are at selling side, wish everything to go up.
I'm not surprised at all at the situation of Sengkang/Punggol.
for 4 rm bto --- even sell at 30k below valuation today still earn ma... wat's there to blame govt... the govt oso never point a gun at their head to buy a ec wat...
wah u so observant. i never notice such things but im sure there are such ppl around. i dont really understand how they think. but ur right; house cannot bring around show off, unlike car.
Porsche lei. And he paste soooooooo many stickers on the car and a spoiler which you can hang cloths, how not to miss:doh:
in the same carpark you will see 2 new s class merc , all want 面子:beats-me-man:
Always park there weekend then drive. Image, image.
which one easier to achieve, car or house and which one give instant recognition:o
it is INEVITABLE moving forward...the rental of hdb/pc...etc etc is going to take a hit...my take is max about 20%....meaning like a 4rm hdb rental today about 2.5k...going to go to about 2k...whats your take:cool:
Please stay low profile; or else someone would report you living in Sea Esta renting out HDB flat.
I myself foresee the rental market would be seriously curtail and controlled. This is why I have made an ultimate decision and a final throng of my property journey - acquiring my final property - Mt Sinai landed with all the HDBs pledged.
The exchange should be technically viable and worthy for many years ahead.
Yes, the answer lies in the price.
I chatted with a relative who has moved from her 4 room BTO flat in Sengkang to an EC in Punggol.
She has moved 2 months ago.
At the peak, she could have sold at least $60k above valuation.
For the past few months she has marketed it close to valuation, and there are hardly any viewers.
Now she might need to sell it at valuation or even below it as the 6 month holding period looms.
She can extent by writing to HDB. If HDB don't extent then sell to HDB at Valuation.
She can extent by writing to HDB. If HDB don't extent then sell to HDB at Valuation.
zhun bo?? like dat why are pple still selling below valuation?
:confused:
As well as the HDB market , things will be ugly in prime ccr too
I think to predict what will hapen to rents the only comparison we can make is the reverse of the period 2005-2007 , in this period there was a massive influx of new FT which was also a time when almost no new construction was being completed , and condos were being removed from the market in large numbers due to the enblock process, during this time prime area rents went up like crazy as all the incoming people had to be absorbed into the existing housing, rents for a good class condo like ardmore park went from 8k to 20k in this short period, people had to move into smaller units or from ccr to east coast to stay within budget .
Now all the supply is coming on stream that should have come on stream when the new population did, so now we have huge supply hitting and no new FT allowed in, also the housing allowance is being removed from a lot of expats and all those enblocked developments are having the new ones TOP ( like interlace and d'leedon were the biggest ), If the process were to reverse there is no reason not to see rents go down 30-40% as the market reprices and people get to have more space again after downsizing, The only thing that will slow things down is if developers hold off selling or renting units and keep newly finished blocks empty, you can already see this out in sentosa or on some of the new finished blocks in the ardmore area, finished but empty, if there is a fight to undercut to get units rented it will get very ugly
Dun recall hdb will buy back hdb flats..
princess_morbucks
04-02-14, 16:54
Please stay low profile; or else someone would report you living in Sea Esta renting out HDB flat.
What's wrong with that ? :confused:
It is not illegal, nothing to report la.
Please stay low profile; or else someone would report you living in Sea Esta renting out HDB flat.
Under current regulations, it's legal if you have applied and gotten HDB approval on their website.
As well as the HDB market , things will be ugly in prime ccr too
I think to predict what will hapen to rents the only comparison we can make is the reverse of the period 2005-2007 , in this period there was a massive influx of new FT which was also a time when almost no new construction was being completed , and condos were being removed from the market in large numbers due to the enblock process, during this time prime area rents went up like crazy as all the incoming people had to be absorbed into the existing housing, rents for a good class condo like ardmore park went from 8k to 20k in this short period, people had to move into smaller units or from ccr to east coast to stay within budget .
Now all the supply is coming on stream that should have come on stream when the new population did, so now we have huge supply hitting and no new FT allowed in, also the housing allowance is being removed from a lot of expats and all those enblocked developments are having the new ones TOP ( like interlace and d'leedon were the biggest ), If the process were to reverse there is no reason not to see rents go down 30-40% as the market reprices and people get to have more space again after downsizing, The only thing that will slow things down is if developers hold off selling or renting units and keep newly finished blocks empty, you can already see this out in sentosa or on some of the new finished blocks in the ardmore area, finished but empty, if there is a fight to undercut to get units rented it will get very ugly
Everywhere will be ugly one lah. You think ocr is recession proof? Look at NV residences, so many units not tenanted out.
zhun bo?? like dat why are pple still selling below valuation?
:confused:
You never try, you never know.
princess_morbucks
04-02-14, 17:36
You never try, you never know.
HDB won't buy back the flat for no reason.
http://www.propertyguru.com.sg/question/133953/my-hdb-5-room-flat-in-queenstown-is-still-not-sold
Sengkang may be having quite a significant number of upgraders in the same position. It's probably flooded with resale flats trying to sell after the MOP. Similarly flooded with flats for rental after the MOP, thus resulting in exceeding the non-citizen quota in the earlier batch. So much for relying on the proceeds of your BTO to fund your upgrade. That dream is going up in :simmering: Thumbs down from upgraders for the next election. :doh:
Too Bad. Thats was wat the Loud bunch wanted. Slow down, property down everything down mah. so tats just wat its going to be.
Obviously PAP fault lah! They were the ones who allow HDB flats to go up to $1m !!! If they keep the HDB flats' price flat for 10 years, say $400k for a 5-rm flat in Sengkang, and allow price to change only at inflation rate, nobody will have false sense and hope that they can make killing profit from buying and selling HDB flats! :beats-me-man:
yeah u cannot shit also PAP fault.
How many was sold at $1M huh? a handful don't make it all HDB are 1M... :doh::doh::doh:
Everywhere will be ugly one lah. You think ocr is recession proof? Look at NV residences, so many units not tenanted out.
NV residence location cannot lah...
Based on what you say about under-cutting, soon many OCR condo units will be left vacant with no tenants to rent because under-cut by CCR condo units! :scared-2:
As well as the HDB market , things will be ugly in prime ccr too
I think to predict what will hapen to rents the only comparison we can make is the reverse of the period 2005-2007 , in this period there was a massive influx of new FT which was also a time when almost no new construction was being completed , and condos were being removed from the market in large numbers due to the enblock process, during this time prime area rents went up like crazy as all the incoming people had to be absorbed into the existing housing, rents for a good class condo like ardmore park went from 8k to 20k in this short period, people had to move into smaller units or from ccr to east coast to stay within budget .
Now all the supply is coming on stream that should have come on stream when the new population did, so now we have huge supply hitting and no new FT allowed in, also the housing allowance is being removed from a lot of expats and all those enblocked developments are having the new ones TOP ( like interlace and d'leedon were the biggest ), If the process were to reverse there is no reason not to see rents go down 30-40% as the market reprices and people get to have more space again after downsizing, The only thing that will slow things down is if developers hold off selling or renting units and keep newly finished blocks empty, you can already see this out in sentosa or on some of the new finished blocks in the ardmore area, finished but empty, if there is a fight to undercut to get units rented it will get very ugly
Based on what you say about under-cutting, soon many OCR condo units will be left vacant with no tenants to rent because under-cut by CCR condo units! :scared-2:
lol, true true. If during recession OCR rent 2.5k, den I under cut and rent my D1 2.6k. $100 more kekeke.
Ya true true... How much can u undercut?
Ppl buy at 1 mil u buy at 3 mil somemore smaller size...if u bleed, u will bleed more, that's the fact. For every $100 u receive less, u will have to fork out more for your loan repayment if your unit is not paid up...
lol, true true. If during recession OCR rent 2.5k, den I under cut and rent my D1 2.6k. $100 more kekeke.
Based on what you say about under-cutting, soon many OCR condo units will be left vacant with no tenants to rent because under-cut by CCR condo units! :scared-2:
If you need to cut price to move, its a sign that your property is over value.
BEWARE!!
Wonder if at same price buyer will choose a family size 2bedrm or MM 2bedrm?
Ya true true... How much can u undercut?
Ppl buy at 1 mil u buy at 3 mil somemore smaller size...if u bleed, u will bleed more, that's the fact. For every $100 u receive less, u will have to fork out more for your loan repayment if your unit is not paid up...
lol, you know I am just teasing
Not always true. An older 2 bedder of over 1000 sqft in D1 bought during downturn could be lower than a newer 2 bedder OCR unit of smaller area. So, it can certainly undercut the OCR in rental in that instance. :D
Ya true true... How much can u undercut?
Ppl buy at 1 mil u buy at 3 mil somemore smaller size...if u bleed, u will bleed more, that's the fact. For every $100 u receive less, u will have to fork out more for your loan repayment if your unit is not paid up...
Under-cut is Ok for me regardless of over-priced or not since I get the limited number of tenants while your unit will have no tenant to rent to........................ :p
If you need to cut price to move, its a sign that your property is over value.
BEWARE!!
Based on what you say about under-cutting, soon many OCR condo units will be left vacant with no tenants to rent because under-cut by CCR condo units! :scared-2:
Anbody signed new rental contracts recently? Is it higher or lower than your previous contract? :beats-me-man:
Anbody signed new rental contracts recently? Is it higher or lower than your previous contract? :beats-me-man:
I had 2 tenancies ending in Nov last year. One was early termination due to diplomatic clause. Signed one new contract in Dec 5% lower than previous. The other new contract in Jan was 2% lower. I had more delay in getting new tenants compared to previously but this could be partly due to the timing (end of year holiday period).
Under-cut is Ok for me regardless of over-priced or not since I get the limited number of tenants while your unit will have no tenant to rent to........................ :p
under cut for you will always be ok because you have already missed the boat so many times. As the saying goes, as beggar YOU can not be chooser.
For someone who have been living in his little well for so long and constantly need to bring himself so low to make fun of foreign workers, its pretty obvious that you are not in the big league and please dont try to convince us that you are not.
I had 2 tenancies ending in Nov last year. One was early termination due to diplomatic clause. Signed one new contract in Dec 5% lower than previous. The other new contract in Jan was 2% lower. I had more delay in getting new tenants compared to previously but this could be partly due to the timing (end of year holiday period).
Hrmm... so basically i should not increase rent anymore for renewal. :beats-me-man:
Hrmm... so basically i should not increase rent anymore for renewal. :beats-me-man:
You can try increasing it but by smaller amount. Test the market and see how. As mentioned, it may be the seasonal effect on my rentals. But generally the sentiment for landlords is less rosy this year compared to last.
Wonder if at same price buyer will choose a family size 2bedrm or MM 2bedrm?
There are many factors to consider. Esp location, amenities nearby (foodcourt, supermkt, malls, clinics, school etc.).
Have one coming up in Oct. Will not raise rent as tenant is hardly around and have been paidly promptly. Good tenant should retain. :)
Have one coming up in Oct. Will not raise rent as tenant is hardly around and have been paidly promptly. Good tenant should retain. :)
Many thing can happen to the property market between now and Oct. You should be prepared to reduce your rent as there will be many new project competing for tenant.
Sure. Good thing that my last two recent rental renewals in late 2013 has gone up by 18%. :) Rental in better location and close proximity to mrt station will have less problem especially in areas with limited development.
Many thing can happen to the property market between now and Oct. You should be prepared to reduce your rent as there will be many new project competing for tenant.
Under current regulations, it's legal if you have applied and gotten HDB approval on their website.
Thanks for the clarification; my wrong then.
Being said that, I think I will write in to HDB and request them to look into this. We shouldn't exploit HDB flat in this manner.
Thanks for the clarification; my wrong then.
Being said that, I think I will write in to HDB and request them to look into this. We shouldn't exploit HDB flat in this manner.
I would advise against doing so. You may need to keep it as an option for yourself in the future should you need to consolidate your family in your dream Mt. Sinai home and rent out your HDB and/or relatives' HDB to help pay for it.
I would advise against doing so. You may need to keep it as an option for yourself in the future should you need to consolidate your family in your dream Mt. Sinai home and rent out your HDB and/or relatives' HDB to help pay for it.
Thanks for the advice; I have sold off all HDBs on hand and have already push forward to my landed. Price might not be the lowest, and perhaps the highest but is for own stay.
Thanks for the advice; I have sold off all HDBs on hand and have already push forward to my landed. Price might not be the lowest, and perhaps the highest but is for own stay.
So how much did u sold for?
under cut for you will always be ok because you have already missed the boat so many times. As the saying goes, as beggar YOU can not be chooser.
For someone who have been living in his little well for so long and constantly need to bring himself so low to make fun of foreign workers, its pretty obvious that you are not in the big league and please dont try to convince us that you are not.
This guy is a 100% xenophobic without doubt
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