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Rents fall further

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Wd40
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Rents fall further

Postby Wd40 » Tue, 18 Nov 2014 5:19 pm

Article about rents continuing to fall:
http://www.businesstimes.com.sg/real-es ... -scenarios

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

http://www.btinvest.com.sg/property/loc ... t-depends/

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Re: Rents fall further

Postby 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.
I have gay, black, Asian friends and then JR8.

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Re: Rents fall further

Postby Barnsley » Tue, 18 Nov 2014 11:36 pm

So are you gonna cash out and enjoy life then?
Life is short, paddle harder!!

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Re: Rents fall further

Postby PNGMK » Wed, 19 Nov 2014 12:06 am

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


Sure, when I leave.
I have gay, black, Asian friends and then JR8.

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Re: Rents fall further

Postby Primrose Hill » Thu, 20 Nov 2014 10:14 am

Is it that bad?

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Re: Rents fall further

Postby 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

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Re: Rents fall further

Postby Primrose Hill » Thu, 20 Nov 2014 1:36 pm

Wonder where that will leave me :shock:

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Re: Rents fall further

Postby 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
Life is short, paddle harder!!

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Re: Rents fall further

Postby Primrose Hill » Thu, 20 Nov 2014 2:48 pm

We bought about 1.5years ago.

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Re: Rents fall further

Postby 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.

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Re: Rents fall further

Postby 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?
Life is short, paddle harder!!

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Re: Rents fall further

Postby 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

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Re: Rents fall further

Postby Wd40 » Fri, 19 Dec 2014 1:10 pm

Blackstone is betting big on sentosa:
http://www.bloomberg.com/news/2014-12-1 ... qus_thread

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Re: Rents fall further

Postby 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.
Life is short, paddle harder!!

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Re: Rents fall further

Postby 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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