Makes sense oily one.Wd40 wrote: ↑Mon, 07 Sep 2020 11:15 amNope. This was not the case earlier. There is a sudden huge divergence between number of HDBs available and number of condos available. Anyways, I found out the reason. Apparently, after Malaysia closed down its borders, there is a huge demand from people who used to commute up and down the borders. Those people are now clubbing 5 people in one 3 bedder HDBs and paying 2500 rent. So suddenly HDB demand and rents have shot up.
Holy craps... there's a name from the past... how is Miss Ukraine? Have you managed to keep your job. Last time I bumped into was in KL in that funky hotel!
Hey! How are you! Nice to see you.
Max Headroom wrote: ↑Sun, 20 Sep 2020 3:01 pmOur aircon guy, a Malaysian chap, is one of their tenants. He told me he's paying $500 for a room; makes me wonder how many peeps they're cramming in these HDBs...
Reading this article takes me back to when I first arrived on these sunny shores. Before I arrived, I had a nice car and was renting a whole apartment for $300/mo in Michigan. For the same amount of money here, I could only rent a room in an HDB and take the bus... the drop in standard of living took someWd40 wrote: ↑Sat, 19 Sep 2020 10:56 pmThis article explains how Malaysians working here are causing havoc in the HDB rental market.
https://www.channelnewsasia.com/news/si ... 9-13040596
I had done a lot of research before coming here, most of it on this forum. I came here in 2009 soon after the GFC and rents had fallen but they rose very quickly. A 2 bedroom HDB was like $1500 in June 2009 but soon exploded to $1900 by Oct. Then rents just kept shooting up until 2013 at peak 2 bedroom HDB had reached $2300.malcontent wrote: ↑Sat, 26 Sep 2020 9:27 pmReading this article takes me back to when I first arrived on these sunny shores. Before I arrived, I had a nice car and was renting a whole apartment for $300/mo in Michigan. For the same amount of money here, I could only rent a room in an HDB and take the bus... the drop in standard of living took someWd40 wrote: ↑Sat, 19 Sep 2020 10:56 pmThis article explains how Malaysians working here are causing havoc in the HDB rental market.
https://www.channelnewsasia.com/news/si ... 9-13040596
adjusting.
To this day, I find it strange that you must either pay thousands for your own apartment or hundreds to rent a room - nothing in between. I guess that is why unmarried young people here just stay with their parents.
I still remember in my early years an encounter with a property agent who wanted to find me a rental... they asked me, what is your budget? I had to laugh, because he must have mistaken me for an expat with a housing budget. What I wanted was a whole apartment to myself for under $1000/mo, even if it was tiny. No surprise, I never heard from the agent again.
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