To be honest no one knows yet, because the statisics for rentals and purchasing are not released until Friday! So hang in there Ozchick...ozchick wrote:Anyone got any inside info ? I've been told they're still moving slightly up, but others say no it's hit the peak and that staying where I am for a few months more may them make the move worthwhile....don't know how prices can be so high when there is accomm available all over the place here.
Oh yeah ksl ? And how do you know this stuff ? Aren't you in London? What, are you bored ?ksl wrote:To be honest no one knows yet, because the statisics for rentals and purchasing are not released until Friday! So hang in there Ozchick...ozchick wrote:Anyone got any inside info ? I've been told they're still moving slightly up, but others say no it's hit the peak and that staying where I am for a few months more may them make the move worthwhile....don't know how prices can be so high when there is accomm available all over the place here.
I'm here in Singapore, actually I am doing a business plan, for the property rental industry, I may put the plan into action, if I'm happy with the feasibilty study.ozchick wrote:Oh yeah ksl ? And how do you know this stuff ? Aren't you in London? What, are you bored ?ksl wrote:To be honest no one knows yet, because the statisics for rentals and purchasing are not released until Friday! So hang in there Ozchick...ozchick wrote:Anyone got any inside info ? I've been told they're still moving slightly up, but others say no it's hit the peak and that staying where I am for a few months more may them make the move worthwhile....don't know how prices can be so high when there is accomm available all over the place here.
Smack on SMS! There is not much hope of prices dropping, and the future suggest, a continued upswing.sundaymorningstaple wrote:ksl,
Excellent links. Also confirms what I already knew and have said here as well with regard to the rental prices slowing but still continuing to rise but at a more gradual rate. We also were not too far off the 50% increase in rentals. If it was 41% according to the figures for the years for private housing, they if you look at the areas that would be the most Expat friendly (from an exapts POV) in order to get that kind of overall rate they would have had to double in many cases.
While there is supply out there, there are underlying reasons why the rates are going up. The economy booming is the main one and that euphoria trickles down to the landlords so they elevate their prices accordingly. Also, with the increase of GST and the general inflation rate well above 4% the rentals are not going to come down anytime soon I'm afraid. When the cost of everything else goes up, they will up their prices so that they can afford the same lifestyle (kinda like everybody else yeah?)
Yep afraid so, after our rent doubled in 2006, we decided to buy HDB, at least we will be saving rent money, even if they don't go up in price...ozchick wrote:Will check that link ksl but reading between the lines there isn't a lot of point staying where I am methinks. One thing though, if I move, I better keep working to support my 'rental' habit...sigh...
Have a browse through the "Staying, Living in Singapore" Forum at the bottom of the index. Read through the relevant threads and you will by then have a very good idea of what & where. Also follow links to other threads and so forth.yogini4life wrote:Hello all-
I am new, our family is relocating in the summer of 2008, and the rental pricing is a bit of a worry. I read the links provided, but it didn't offer me much useful information in regards to what to expect pricewise, just that it has increased significantly over the past year. Any help estimating would be greatly appreciated! Is it better to buy a house or rent one. We are planning to be there for about 3 years or so.
Thanks!
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