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Singapore property rental market
Re: Singapore property rental market
This article came few days back.
https://www.todayonline.com/singapore/f ... ghtly-569m
The population of SG has fallen for the 1st time in 10 years. There is going to be very less appetite to being in foreigners henceforth. With a declining population we will have vacant flats, so the past dynamics of property boom don't exist anymore.
https://www.todayonline.com/singapore/f ... ghtly-569m
The population of SG has fallen for the 1st time in 10 years. There is going to be very less appetite to being in foreigners henceforth. With a declining population we will have vacant flats, so the past dynamics of property boom don't exist anymore.
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- sundaymorningstaple
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Re: Singapore property rental market
Yep, they've complained their way to to verge of extinction. Pretty soon nobody will want to come to Singapore to work due to the animosity a with their sub-zero TFR. It is going to be a backwater in 30 more years. They are digging their own graves.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- malcontent
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Re: Singapore property rental market
Singapore born Singaporeans have already become less than half of the population here, but there are some advantages - low TFR means less randomness in outcomes and fewer resources needed to raise the young. You can scoop off the best talent from the region during their prime years, and with any luck, they will return home to retire. The challenge is doing all that and retaining some semblance of a cohesive and society.
It’s not what happens to you, but how you react to it that matters ~ Epictetus
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Re: Singapore property rental market
Mal, generally people here haven't yet caught on that the fat property years are behind us. Hot money still flows into property... until it doesn't.
You can't have more units than people to live in them without prices going down. It's a matter of when.
Again though, I feel this is a good thing; it gets rid of the froth, deflates the bubble. Normalcy is where it's at, when it comes to homes anyway.
You can't have more units than people to live in them without prices going down. It's a matter of when.
Again though, I feel this is a good thing; it gets rid of the froth, deflates the bubble. Normalcy is where it's at, when it comes to homes anyway.
Re: Singapore property rental market
Singapore is still hugely attractive to smart people in the region who want to work away from their despotic or corrupt home country - I think Singapore will open the door once the ship is righted again - you are right Mal Content.
As for property - yes - it's in for a bashing.
As for property - yes - it's in for a bashing.
I not lawyer/teacher/CPA.
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You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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Re: Singapore property rental market
While generally this is true. It does depend on how people view Singapore. Singapore is well known to be attractive for some citizens of other countries when they want to get their assets out of their home nation and into somewhere close by and safe.Max Headroom wrote: ↑Mon, 28 Sep 2020 10:21 amMal, generally people here haven't yet caught on that the fat property years are behind us. Hot money still flows into property... until it doesn't.
You can't have more units than people to live in them without prices going down. It's a matter of when.
Again though, I feel this is a good thing; it gets rid of the froth, deflates the bubble. Normalcy is where it's at, when it comes to homes anyway.
Nothing from my visits to those nearby countries suggest to me that the stability of those countries has improved.
Of course making large sums of money from property is behind us, but money will probably continue to flow, until the gahmen is forced to make more radical changes.
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Re: Singapore property rental market
I agree that those dynamics are still in place. Problem is that people overseas may want to build themselves a future in Singapore but that doesn't mean they will be able to, given the rather different immigration/employment landscape now, even without factoring Covid-19.
Sure, there will be new PRs and EPs, but the numbers will likely be a fair bit lower than in the past, certainly lower than the property industry has bargained for.
One thing's for sure: It ain't gonna be boring.
Sure, there will be new PRs and EPs, but the numbers will likely be a fair bit lower than in the past, certainly lower than the property industry has bargained for.
One thing's for sure: It ain't gonna be boring.
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- malcontent
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Re: Singapore property rental market
Throwing up more curbs indicates fear that property prices could go higher, no?
It’s not what happens to you, but how you react to it that matters ~ Epictetus
Re: Singapore property rental market
I think this particular curb that Max Headroom has linked, is more about artificial inflation of sales figures, rather than curbing property prices.malcontent wrote: ↑Tue, 29 Sep 2020 7:02 pmThrowing up more curbs indicates fear that property prices could go higher, no?
This latest move by the URA is aimed at curbing a property market practice believed to be inflating private home sales figures, while encouraging financial prudence in home buying amid a weak economy and uncertain employment climate.
- malcontent
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Re: Singapore property rental market
Thanks for clarifying. It will be interesting to see how things play out into next year. The curbs have been pretty harsh, would be nice if they could start to be eased - but it’s also a nice stream of tax revenue.
It’s not what happens to you, but how you react to it that matters ~ Epictetus
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