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Rents fall further

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x9200
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Re: Rents fall further

Postby x9200 » Sat, 27 Jun 2015 6:46 am

JR8 wrote:I've followed Savills research for years, especially re: my specific home turf in London. I follow several sources, and I've always found Savills to be the most informed and honest, even when their news and forecasts have been dire they are attuned to the inside-track re: what's going on. I know very well that what many agents write is self-interested balls; but I wouldn't have posted the quoted piece unless I thought it was worth taking seriously. -- Just sayin'! --

What she said is probably true, but are these travelling expats any significant factor in the overall tenants population? It's like stating some unimportant but vocal factors to divert the attention and address some fears.

Besides, why speculate on the market condition analysing occupancy behaviour of the tenants when it is enough to compare number of flat listed for rent with, for example, number of transaction within a given period? What would be more valuable for a LL, some verifiable numbers based evidence or some speculations, based on undisclosed methodology?

I don't know Savills, but I know that the quality within the same company, even an MNC type, may vary depending on the country and Singapore (in general) is a perfect example of it.

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Re: Rents fall further

Postby Brah » Sat, 27 Jun 2015 10:49 am

JR8 wrote:I've followed Savills research for years, especially re: my specific home turf in London. I follow several sources, and I've always found Savills to be the most informed and honest, even when their news and forecasts have been dire they are attuned to the inside-track re: what's going on. I know very well that what many agents write is self-interested balls; but I wouldn't have posted the quoted piece unless I thought it was worth taking seriously. -- Just sayin'! --

Well I don't claim to have any real knowledge in this area, just gut
feeling, and I trust the trust you have in this source, so I stand corrected.

This part is easy for me to accept:
JR8 wrote:Corporations are increasingly seeking to minimise costs, firstly by not offering full expat packages so the individual does not relocate with family; secondly, instead of providing a housing package with a lease signed by the company, these expats are given an annual housing allowance for them to sign personal leases."

According to Savills Singapore, private residential rents are expected to continue facing downward pressure as the supply of private residential properties completed this year is greater than what the leasing demand can comfortably absorb.

So this is good news for those of us staying on here a little bit longer, renewing leases, etc.


It was this that I questioned and where I agreed with Barnsley's assessment:
JR8 wrote:from the outside, the units look unoccupied..

All I know is that in my industry, except for the MD level, perhaps a select few at the ED level, no one has been getting expat packages for years now.
Ape Shall Not Kill Ape.


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