Mas webiste shows, that 10 year bond rate is 1.66%. See
https://secure.sgs.gov.sg/fdanet/Sgs...suePrices.aspx
CNBC shows that 10 bond rate in the US is 1.9%. See
http://www.cnbc.com/id/15839203/site/14081545/
Long term mortgage rates are tied to government bond rates. thus, long term housing loan rates in the US and Singapore are about the same.
thus, there is no reason for Singaore's rental rate to be lower than that of the US, except for, of course, the housing bubble in Singapore.
when the bubble burst, you guys will laugh all the way to your grave.
Don't refute me by quoting the current housing loan rates, which are short term in nature and therefore have no meaning for long term investors.