Re: Rents soar, expats groan
Re: Rents soar, expats groan
If we piss the foreigner off by raising the cost too high , SG will self screw ourselves in a couple of years time .
Re: Rents soar, expats groan
Quote:
Originally Posted by expect the worst
If we piss the foreigner off by raising the cost too high , SG will self screw ourselves in a couple of years time .
We will definitely piss the present foreigners with the new additional 2.2 millions foreigners. We have no choice! We have to let the market forces act accordingly. These 2.2 millions foreigners, which have a different profile from the current foreigners, will push the current foreigners out to the next level.
If the landlord increase the rent from $2,500 to $10,000, nobody ask you to rent it what! You can always move to a place with a rent of $2,500. Let the new foreigner (with higher purchasing power) rent the $10,000 unit lah!
Re: Rents soar, expats groan
Rental will continue to soar even at a faster rate. This is because the number of new completed units for 2007 will be lesser than the number that are torned down due to enbloc redevelopment. Coupled with the increasing population and influx of expatriates, there is simply not enuf housing for everyone in the short term. Current building frenzy would only result in houses being ready in 3 years' time. Meanwhile, people who rent shd try to lock down a longer lease to protect against further rises over the next 3 years.
Re: Rents soar, expats groan
Quote:
Originally Posted by Madeira
Rental will continue to soar even at a faster rate. This is because the number of new completed units for 2007 will be lesser than the number that are torned down due to enbloc redevelopment. Coupled with the increasing population and influx of expatriates, there is simply not enuf housing for everyone in the short term. Current building frenzy would only result in houses being ready in 3 years' time. Meanwhile, people who rent shd try to lock down a longer lease to protect against further rises over the next 3 years.
You are very right but,i wonder at 2010 what will be the outcome of rental when many new condos have TOP.:scared-5:
Re: Rents soar, expats groan
Quote:
Originally Posted by hayata1972
You are very right but,i wonder at 2010 what will be the outcome of rental when many new condos have TOP.:scared-5:
Rental growth rate will slow down or become flat and rental rate stabilise lah.