Rents fall further

Wd40 · Post by **Wd40** » Tue, 18 Nov 2014 5:19 pm

Article about rents continuing to fall:
http://www.businesstimes.com.sg/real-es ... -scenarios" onclick="window.open(this.href);return false;

and another good one, about renting v/s buying:

http://www.btinvest.com.sg/property/loc ... t-depends/" onclick="window.open(this.href);return false;

Post by **PNGMK** » Tue, 18 Nov 2014 10:17 pm

The problem is you missed the boat.... I bought at a fantastic price and the potential CG would pay for rent for 20 years here.

Barnsley · Post by **Barnsley** » Tue, 18 Nov 2014 11:36 pm

So are you gonna cash out and enjoy life then?

Post by **PNGMK** » Wed, 19 Nov 2014 12:06 am

Barnsley wrote:So are you gonna cash out and enjoy life then?

Sure, when I leave.

Primrose Hill · Post by **Primrose Hill** » Thu, 20 Nov 2014 10:14 am

Is it that bad?

Wd40 · Post by **Wd40** » Thu, 20 Nov 2014 12:40 pm

Primrose Hill wrote:Is it that bad?

Its just the beginning. The real oversupply of completed flats coming onstream is for the next 2 years:

http://sbr.com.sg/residential-property/ ... rough-roof" onclick="window.open(this.href);return false;

Primrose Hill · Post by **Primrose Hill** » Thu, 20 Nov 2014 1:36 pm

Wonder where that will leave me

Barnsley · Post by **Barnsley** » Thu, 20 Nov 2014 2:24 pm

If your rental contract is coming up for renewal in the next year you should be in a good position.

If you are renting out a place get ready for prospective tennants to do some haggling

Primrose Hill · Post by **Primrose Hill** » Thu, 20 Nov 2014 2:48 pm

We bought about 1.5years ago.

Wd40 · Post by **Wd40** » Thu, 20 Nov 2014 3:08 pm

Primrose Hill wrote:We bought about 1.5years ago.

I believe its for your own stay, so there isn't much to get concerned about. Your rental savings should offset the interest outgo and fees. But dont expect to make any profit, atleast until next 2 years but over the longer term you will surely win.

Barnsley · Post by **Barnsley** » Thu, 20 Nov 2014 5:56 pm

Primrose Hill wrote:We bought about 1.5years ago.

If its your living home what have you to worry about unless you are planning to move shortly?

Primrose Hill · Post by **Primrose Hill** » Thu, 20 Nov 2014 9:48 pm

Thinking about doing a 10years here and unless someone offer us a great package somewhere else. The house we are keeping for 10years. Wonder if the market would have recovered by then

Wd40 · Post by **Wd40** » Fri, 19 Dec 2014 1:10 pm

Blackstone is betting big on sentosa:
http://www.bloomberg.com/news/2014-12-1 ... qus_thread" onclick="window.open(this.href);return false;

Barnsley · Post by **Barnsley** » Fri, 19 Dec 2014 1:15 pm

With the dirty money drying up in China , where are the buyers going to come from?

It would seem that most Govt's in the countries that usually buy the houses there are clamping down.

Wd40 · Post by **Wd40** » Fri, 19 Dec 2014 1:24 pm

Prices seem to have come off a lot. According the article, some cases 50% down. May be they are betting that in couple of years the gahmen will reverse some of the cooling measures, especially the ABSD on foreigners. The main reason for the fall in luxury property is because the foreign buyers have moved away to markets like London

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