Is it even worth living in SG anymore as a foreigner?

[Lisafuller]

My ll is asking for 60% increase. It's in line with other recent rentals in the condo. But a pretty disgusting statement of greed.

Not really. Interest rates are up and rents have been fairly depressed since the GFC. They are approaching more realistic levels for a global city.

Yup, I think it's a rise that's been a long time coming.

[tiktok]

Personally I've been a landlord for 6 properties at different times. I've always known my tenants, and while I wanted to make a profit, hitting them with a 60% increase would have been the moral equivalent of putting dog shit in the mail box. The only justification might be if my costs had gone up my that amount, but there's no way that's the case here.

[Lisafuller]

Or even reconsider the infrastructure/approach at their side targeting the Singapore visitors. Long time ago, I think it was 15 years back, we visited Langkawi for the first time. We rented a car at the airport and on the way to our resort and nowhere near the airport, by complete accident we found a duty free liquor store. Imagine our shock coming from Singapore and seeing prices for wines a few times cheaper. Now having something like this in JB, surely it would boost tremendously weekend tourism industry But I doubt it is going to happen.

If I'm not mistaken, they recently introduced some entry forms that make it even more complex to enter JB, increasing wait times. It's like they don't even want us there (which I'm sure they don't).

Not sure how recent is recent. I went there a couple of months ago and it was BAU.

About 2-3 weeks ago if I'm not mistaken. A friend mentioned it over drinks.

[smoulder]

If I'm not mistaken, they recently introduced some entry forms that make it even more complex to enter JB, increasing wait times. It's like they don't even want us there (which I'm sure they don't).

Not sure how recent is recent. I went there a couple of months ago and it was BAU.

About 2-3 weeks ago if I'm not mistaken. A friend mentioned it over drinks.

OK that's interesting. I will definitely look into this because I should be heading up north as soon as I get my Singapore passport.

[Lisafuller]

Not sure how recent is recent. I went there a couple of months ago and it was BAU.

About 2-3 weeks ago if I'm not mistaken. A friend mentioned it over drinks.

OK that's interesting. I will definitely look into this because I should be heading up north as soon as I get my Singapore passport.

More about it here https://www.straitstimes.com/asia/se-as ... e-malaysia

[Lisafuller]

Personally I've been a landlord for 6 properties at different times. I've always known my tenants, and while I wanted to make a profit, hitting them with a 60% increase would have been the moral equivalent of putting dog shit in the mail box. The only justification might be if my costs had gone up my that amount, but there's no way that's the case here.

I get it, not saying it's OK, but at some point if you don't match the market price aren't you just screwing yourself?

[tiktok]

I guess it depends if money is more important than humanity. I think we know the answer to that in Singapore.

[NYY1]

I guess it depends if money is more important than humanity. I think we know the answer to that in Singapore.

It's any market; where the demand curve and supply curve intersect you get a quantity and a price.

[tiktok]

There is no price elasticity for rents. People must have a place to live and new supply takes years to create. So sure leave it to market forces, it will sort itself out eventually, in the meantime enriching landlords and draining everyone else. If you want to blindly follow market forces you end up with US healthcare.

[NYY1]

There is no price elasticity for rents. People must have a place to live and new supply takes years to create. So sure leave it to market forces, it will sort itself out eventually, in the meantime enriching landlords and draining everyone else. If you want to blindly follow market forces you end up with US healthcare.

Part in bold underline is untrue; you can leave if the rent gets too high.

[tiktok]

And go where? Live on the street?

[NYY1]

Look, there are always two sides to every exchange. Prices going up or down impact the two parties differently.

Unfortunately, rising prices impact people everywhere. Even people in their home countries (all over the world) are getting squeezed by whatever; could be rents, school fees, food, fuel, etc. We either deal with it, lower our standard where we are, or move somewhere cheaper (could be another city or country depending on the circumstances).

I have empathy for people that are feeling a squeeze; it's not ideal and some will be able to adjust easier than others. But it's not "greed" just because it is unfavourable to you (you being anyone and not any particular person individually).

[the observer]

It’s a free world.
You can always walk away.

Though if someone else is willing to pray that price, that defines the new market.

If your salary is 10k, whilst your equivalent position in other companies are getting 13-15k, what would you do.

[the observer]

True, but you can't deny that it would do a lot to induce spending within the Malaysian economy, which would certainly help to improve things. Not that I really care as I'm perfectly happy here.

If they really wanted more foreign visitors/spending, they’d fixed the causeway jam decades ago.

Easier said than done, and also that's a 2 way street (literally). Though it's undeniable that the jam on the Malaysian end is MUCH worse.

They can start by opening up more counters instead. More often than not, I was told half the counters are closed.

And then I heard they have been drumming up ideas on a 3rd bridge. Possibly to be able to siphon more money out via such projects.

[the observer]

I guess it depends if money is more important than humanity. I think we know the answer to that in Singapore.

It's any market; where the demand curve and supply curve intersect you get a quantity and a price.

The gripe comes, depending on which side of the fence one sits on.

In any case, with the HK to Sg inflow not yet in full force, further increases is yet to come.
Next up will be private schooling. Coz gahmen schools are not an option.