MAS said don't worry, rental will go up further in 2013

[phantom_opera]

MAS today said higher rent / COE in 2013 will continue to push up inflation

For landlords, it is so comfortable to hear our central bank assuring you that rental will go up in 2013



======================================

While new rentals were largely stable for private
residential properties, they continued to rise for HDB
flats as demand shifted towards relatively more
affordable public housing where supply remained
tight.

This has translated into sharp increases in
imputed rentals on HDB owner-occupied
accommodation, which was the key factor behind the
sustained 1.7% q-o-q rise in accommodation costs.


On a year-ago basis, accommodation cost accounted
for almost 40% of CPI-All Items inflation in Q3 2012,
only slightly below that in H1

[buttercarp]

So landlords collect higher rentals to offset the increase in COE price ?

[Simi]

So landlords collect higher rentals to offset the increase in COE price ?

Landlord collects higher rental means more income
therefore pay more in income tax

[price]

MAS today said higher rent / COE in 2013 will continue to push up inflation

For landlords, it is so comfortable to hear our central bank assuring you that rental will go up in 2013



======================================

While new rentals were largely stable for private
residential properties, they continued to rise for HDB
flats as demand shifted towards relatively more
affordable public housing where supply remained
tight.

This has translated into sharp increases in
imputed rentals on HDB owner-occupied
accommodation, which was the key factor behind the
sustained 1.7% q-o-q rise in accommodation costs.


On a year-ago basis, accommodation cost accounted
for almost 40% of CPI-All Items inflation in Q3 2012,
only slightly below that in H1

I thought there will be over supply of housing in the coming 2 years? 100,000 new units built and many unsold units. Wouldnt oversupply of such units bring rental down?

[PN]

Ah B will be very disappointed with this

[hyenergix]

Inflation will kick in more in 2013.

[AK47]

If you pay 4rm HDB monthly rental at 2.5K.

And assuming that 4rm HDB is worth 500K.

1% interest of 80% or 400K mortgage is only $333 per month!!!!

It's very obvious everyone want to BUY. Once they have enough for the downpayment.

[DC33_2008]

Singaporeans going to become a country of "landlords" at the rate we are going .

If you pay 4rm HDB monthly rental at 2.5K.

And assuming that 4rm HDB is worth 500K.

1% interest of 80% or 400K mortgage is only $333 per month!!!!

It's very obvious everyone want to BUY. Once they have enough for the downpayment.

[carbuncle]

If you pay 4rm HDB monthly rental at 2.5K.

And assuming that 4rm HDB is worth 500K.

1% interest of 80% or 400K mortgage is only $333 per month!!!!

It's very obvious everyone want to BUY. Once they have enough for the downpayment.

U mean the monthly mortgage or...? If so its 1129 and not 333.