Singapore Expats

REALLY??? Cmon now, thoughts on RENT in Singapore...

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
Post Reply
Robnc
Newbie
Newbie
Posts: 19
Joined: Wed, 13 Apr 2011 10:56 pm

REALLY??? Cmon now, thoughts on RENT in Singapore...

Post by Robnc » Sun, 17 Apr 2011 10:02 pm

Really? 1000's of $ a MONTH? How do people do it? we are exploring the possibility of a move to singapore, but the rental market is just crazy. I know it is what it is, but HOW did it get that way? Are there any publications or online resources for finding places that arent as much as all the properties listed on this site? I looked at craigslist, but anyone using any other kind of search tool? Sorry to whine but wow.......I am in shock!!!

FaeLLe
Chatter
Chatter
Posts: 486
Joined: Wed, 28 Feb 2007 9:38 am
Location: London

Post by FaeLLe » Sun, 17 Apr 2011 11:31 pm

Welcome to Singapore I suggest you consider a hdb far away from the city?

User avatar
ksl
Governor
Governor
Posts: 5989
Joined: Mon, 19 Jul 2004 8:52 pm
Location: Singapore
Contact:

Post by ksl » Mon, 18 Apr 2011 2:02 am

FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too :-|

Robnc
Newbie
Newbie
Posts: 19
Joined: Wed, 13 Apr 2011 10:56 pm

Post by Robnc » Mon, 18 Apr 2011 2:42 am

wow. thanks. guess we will be rethinking this! cheers

User avatar
Mad Scientist
Director
Director
Posts: 3544
Joined: Thu, 03 Dec 2009 6:31 am
Answers: 4
Location: TIMBUKTU

Post by Mad Scientist » Mon, 18 Apr 2011 4:06 am

Two words

Demand & Supply
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

FaeLLe
Chatter
Chatter
Posts: 486
Joined: Wed, 28 Feb 2007 9:38 am
Location: London

Post by FaeLLe » Mon, 18 Apr 2011 8:05 am

ksl wrote:
FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too :-|
Your right ksl, I know a colleague who is paying 3000 sgd pm for a 3 bedroom bhk hdb (new style upgraded hdb with only 2 units per floor).

In comparison just 5 months ago before he took his lease last year when I was renting I paid 2100 for a 2 bedroom condo in kembangan...

Markets are so steady rising it's as if the later you take it up the more you pay.

User avatar
Saint
Director
Director
Posts: 3505
Joined: Thu, 16 Jun 2005 5:19 pm
Location: The Juban Stand, Boat Quay
Contact:

Post by Saint » Mon, 18 Apr 2011 8:54 am

Mad Scientist wrote:Two words

Demand & Supply
And greed!

User avatar
ev-disinfection
Chatter
Chatter
Posts: 459
Joined: Fri, 18 Dec 2009 4:37 pm
Location: Singapore
Contact:

Post by ev-disinfection » Mon, 18 Apr 2011 9:05 am

Mad Scientist wrote:Two words

Demand & Supply
and good economic growth (property price boom) + stable gahmen.

User avatar
nakatago
Moderator
Moderator
Posts: 8363
Joined: Tue, 01 Sep 2009 11:23 pm
Location: Sister Margaret’s School for Wayward Children

Post by nakatago » Mon, 18 Apr 2011 9:59 am

Saint wrote:
Mad Scientist wrote:Two words

Demand & Supply
And greed!
+1
"A quokka is what would happen if there was an anime about kangaroos."

JayCee
Reporter
Reporter
Posts: 981
Joined: Mon, 04 Aug 2008 10:33 pm
Location: Not Singapore

Post by JayCee » Mon, 18 Apr 2011 10:24 am

Mad Scientist wrote:Two words

Demand & Supply
2 more

Greedy landlords!

User avatar
JR8
Immortal
Immortal
Posts: 16522
Joined: Wed, 24 Mar 2010 12:43 pm
Location: K. Puki Manis

Post by JR8 » Mon, 18 Apr 2011 3:09 pm

JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply
2 more

Greedy landlords!

I not sure why some people think a vendor should take less than the market is willing to pay :???:

JayCee
Reporter
Reporter
Posts: 981
Joined: Mon, 04 Aug 2008 10:33 pm
Location: Not Singapore

Post by JayCee » Mon, 18 Apr 2011 3:22 pm

JR8 wrote:
JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply
2 more

Greedy landlords!

I not sure why some people think a vendor should take less than the market is willing to pay :???:
There's the thing though, landlords in Singapore who are renting condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice

The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.

I can't speak for HDBs, but I wouldn't be surprised if similar happens there.

User avatar
nakatago
Moderator
Moderator
Posts: 8363
Joined: Tue, 01 Sep 2009 11:23 pm
Location: Sister Margaret’s School for Wayward Children

Post by nakatago » Mon, 18 Apr 2011 3:35 pm

JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply
2 more

Greedy landlords!
and greedy agents.
"A quokka is what would happen if there was an anime about kangaroos."

User avatar
JR8
Immortal
Immortal
Posts: 16522
Joined: Wed, 24 Mar 2010 12:43 pm
Location: K. Puki Manis

Post by JR8 » Mon, 18 Apr 2011 4:03 pm

JayCee wrote:
JR8 wrote:
JayCee wrote: 2 more

Greedy landlords!

I not sure why some people think a vendor should take less than the market is willing to pay :???:
There's the thing though, landlords in Singapore who are renting condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice

The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.

I can't speak for HDBs, but I wouldn't be surprised if similar happens there.
Interesting. I wasn't aware of the acceptance of voids in SG. One of the key mantras for the more experienced UK landlord is 'Voids kill', i.e. it is better to have a place let at a price lower than you had hoped for, than to have it sitting empty.

User avatar
JR8
Immortal
Immortal
Posts: 16522
Joined: Wed, 24 Mar 2010 12:43 pm
Location: K. Puki Manis

Post by JR8 » Mon, 18 Apr 2011 4:04 pm

nakatago wrote:
JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply
2 more

Greedy landlords!
and greedy agents.
I think there is a lot of truth in this!

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 3 guests