Rents are peaking!

[Lisafuller]

Yet most landlords are holding on to the high rents. I expect slow drift downwards. Trying to rent now is going to be quite frustrating because you see many vacant houses but agents refusing to reduce the asking rental.

We'll just have to see who gives first. My bet is on landlords.

[jjdoe]

Listings on PG in the last 2 months...definitely more supply

15/7/2023- 30,000
22/7/2023- 30,200
29/7/2023- 30,100
5/8/2023- 30,300
12/8/2023- 30,400
19/8/2023- 30,700
26/8/2023- 30,900
2/9/2023- 31,100
9/9/2023- 31,600
16/9/2023- 31,700
23/9/2023 -32,200

[Lisafuller]

How do you retrieve all these stats?? Interesting...

[abbby]

Yes definitely more supply from what i see...

[Lisafuller]

Which is why I'm betting against the landlords, it's only a matter of time at this point.

[jjdoe]

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...


3/6/2022 - 11,956
10/6/2022 - 12,205
17/6/2022 - 12,124
24/6/2022 - 11,932
1/7/2022 - 11,640
8/7/2022 - 11,421
16/7/2022 - 10,763
8/8/2022 - 9,611
12/9/2022 - 9,426
17/9/2022 - 9,373
24/9/2022 - 9,923
1/10/2022 - 10,081
8/10/2022- 10,785
15/10/2022 - 11,101
22/10/2022 - 11,542
29/10/2022 - 12,015
5/11/2022 - 12,888
12/11/2022 - 13,270
19/11/2022 - 13,623
26/11/2022 - 14,006
3/12/2022 - 14,372
10/12/2022 - 14,966
17/12/2022 - 14,978
24/12/2022 - 14,911
31/12/2022 - 14,888
7/1/2023 - 16,142
14/1/2023 - 16,888
21/1/2023 - 16,784
28/1/2023 - 17,033
4/2/2023 - 18,700
11/2/2023 - 19,600
18/2/2023 - 20,600
25/2/2023 - 21,600
4/3/2023 - 22,600
11/3/2023 - 23,100
18/3/2023 - 23,600
25/3/2023 - 24,250
1/4/2023 - 24,900
8/4/2023 - 25,600
15/4/2023 - 26,300
22/4/2023 - 26,800
29/4/2023 - 27,200
6/5/2023 - 28,200
13/5/2023 - 28,700
20/5/2023 - 29,200
27/5/2023 - 29,500
3/6/2023 - 29,700
10/6/2023 - 30,100
17/6/2023 - 30,400
24/6/2023 - 30,100
1/7/2023 - 29,900
8/7/2023 - 30,200
15/7/2023 - 30,000
22/7/2023 - 30,200
29/7/2023 - 30,100
5/8/2023 - 30,300
12/8/2023 - 30,400
19/8/2023 - 30,700
26/8/2023 - 30,900
2/9/2023 - 31,100
9/9/2023 - 31,600
16/9/2023 - 31,700
23/9/2023 - 32,200

[midlet2013]

Data is the Best. Thanks for sharing this information.

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...


3/6/2022 - 11,956
10/6/2022 - 12,205
17/6/2022 - 12,124
24/6/2022 - 11,932
1/7/2022 - 11,640
8/7/2022 - 11,421
16/7/2022 - 10,763
8/8/2022 - 9,611
12/9/2022 - 9,426
17/9/2022 - 9,373
24/9/2022 - 9,923
1/10/2022 - 10,081
8/10/2022- 10,785
15/10/2022 - 11,101
22/10/2022 - 11,542
29/10/2022 - 12,015
5/11/2022 - 12,888
12/11/2022 - 13,270
19/11/2022 - 13,623
26/11/2022 - 14,006
3/12/2022 - 14,372
10/12/2022 - 14,966
17/12/2022 - 14,978
24/12/2022 - 14,911
31/12/2022 - 14,888
7/1/2023 - 16,142
14/1/2023 - 16,888
21/1/2023 - 16,784
28/1/2023 - 17,033
4/2/2023 - 18,700
11/2/2023 - 19,600
18/2/2023 - 20,600
25/2/2023 - 21,600
4/3/2023 - 22,600
11/3/2023 - 23,100
18/3/2023 - 23,600
25/3/2023 - 24,250
1/4/2023 - 24,900
8/4/2023 - 25,600
15/4/2023 - 26,300
22/4/2023 - 26,800
29/4/2023 - 27,200
6/5/2023 - 28,200
13/5/2023 - 28,700
20/5/2023 - 29,200
27/5/2023 - 29,500
3/6/2023 - 29,700
10/6/2023 - 30,100
17/6/2023 - 30,400
24/6/2023 - 30,100
1/7/2023 - 29,900
8/7/2023 - 30,200
15/7/2023 - 30,000
22/7/2023 - 30,200
29/7/2023 - 30,100
5/8/2023 - 30,300
12/8/2023 - 30,400
19/8/2023 - 30,700
26/8/2023 - 30,900
2/9/2023 - 31,100
9/9/2023 - 31,600
16/9/2023 - 31,700
23/9/2023 - 32,200

[Wd40]

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...

Brilliant! You are doing your homework well and this is the correct way of negotiating a rental.

In my case, I didn't have data, but I visited a few places and I noticed the competition was almost non existent. I went to 2-3 places and I kept bumping into the same 3 prospective tenants, so this is real on th ground research. I quickly realised there are lots and lots of houses vying for the same tiny limited pool of tenants.

This emboldened me and I asked my agent $200 discount and he also agreed that suddenly the rental situation had turned a corner.

[Lisafuller]

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...


3/6/2022 - 11,956
10/6/2022 - 12,205
17/6/2022 - 12,124
24/6/2022 - 11,932
1/7/2022 - 11,640
8/7/2022 - 11,421
16/7/2022 - 10,763
8/8/2022 - 9,611
12/9/2022 - 9,426
17/9/2022 - 9,373
24/9/2022 - 9,923
1/10/2022 - 10,081
8/10/2022- 10,785
15/10/2022 - 11,101
22/10/2022 - 11,542
29/10/2022 - 12,015
5/11/2022 - 12,888
12/11/2022 - 13,270
19/11/2022 - 13,623
26/11/2022 - 14,006
3/12/2022 - 14,372
10/12/2022 - 14,966
17/12/2022 - 14,978
24/12/2022 - 14,911
31/12/2022 - 14,888
7/1/2023 - 16,142
14/1/2023 - 16,888
21/1/2023 - 16,784
28/1/2023 - 17,033
4/2/2023 - 18,700
11/2/2023 - 19,600
18/2/2023 - 20,600
25/2/2023 - 21,600
4/3/2023 - 22,600
11/3/2023 - 23,100
18/3/2023 - 23,600
25/3/2023 - 24,250
1/4/2023 - 24,900
8/4/2023 - 25,600
15/4/2023 - 26,300
22/4/2023 - 26,800
29/4/2023 - 27,200
6/5/2023 - 28,200
13/5/2023 - 28,700
20/5/2023 - 29,200
27/5/2023 - 29,500
3/6/2023 - 29,700
10/6/2023 - 30,100
17/6/2023 - 30,400
24/6/2023 - 30,100
1/7/2023 - 29,900
8/7/2023 - 30,200
15/7/2023 - 30,000
22/7/2023 - 30,200
29/7/2023 - 30,100
5/8/2023 - 30,300
12/8/2023 - 30,400
19/8/2023 - 30,700
26/8/2023 - 30,900
2/9/2023 - 31,100
9/9/2023 - 31,600
16/9/2023 - 31,700
23/9/2023 - 32,200

Wow, you've really done your homework! Hope things turn out well for you.

[Lisafuller]

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...

Brilliant! You are doing your homework well and this is the correct way of negotiating a rental.

In my case, I didn't have data, but I visited a few places and I noticed the competition was almost non existent. I went to 2-3 places and I kept bumping into the same 3 prospective tenants, so this is real on th ground research. I quickly realised there are lots and lots of houses vying for the same tiny limited pool of tenants.

This emboldened me and I asked my agent $200 discount and he also agreed that suddenly the rental situation had turned a corner.

Wow, what are the odds of that happening?? I know SG isn't big by any means but there are so many times in a day for viewings.

[Wd40]

In a crazy turn of events, I just found out, although my agent and landlord renewed my rental agreement, the HDB quota for Non Citizens is full for my block

HDB has already sent letters to my mailbox addressed to the landlord, telling them the approval for renting out has expired and they should either come back and live there or they need to apply again for renting out.

My landlord said, they have written to HDB and awaiting their reply. As the NC quota is evaluated every month, I am hoping the quota opens up on the 1st of Oct. Otherwise I dont know what are my options.

[Lisafuller]

That's annoying, really hope this works out for you.

[the observer]

How do you retrieve all these stats?? Interesting...

There's a bit of story to tell here. Early last year, I had a great deal on a two-bedroom condo. However, in June, my landlord informed me that they were selling the property and my lease wouldn't be renewed in December. This put me in a tough spot because, when I started looking for a new place, I found that there weren't many similar options available, and the ones that were available were much more expensive than what I had been paying.

So, I decided to rent a room temporarily and began closely monitoring the housing market. Over time, I noticed that the supply of available rentals dips from Jun to Aug but had significantly increased. I even collected data dating back to 2018 and found that the current supply is similar to what it was in mid-2019.

While I might not get a pre-COVID rate, I do feel more confident about negotiating for my next place this December. If anyone is interested, here is more of my tracking...


3/6/2022 - 11,956
10/6/2022 - 12,205
17/6/2022 - 12,124
24/6/2022 - 11,932
1/7/2022 - 11,640
8/7/2022 - 11,421
16/7/2022 - 10,763
8/8/2022 - 9,611
12/9/2022 - 9,426
17/9/2022 - 9,373
24/9/2022 - 9,923
1/10/2022 - 10,081
8/10/2022- 10,785
15/10/2022 - 11,101
22/10/2022 - 11,542
29/10/2022 - 12,015
5/11/2022 - 12,888
12/11/2022 - 13,270
19/11/2022 - 13,623
26/11/2022 - 14,006
3/12/2022 - 14,372
10/12/2022 - 14,966
17/12/2022 - 14,978
24/12/2022 - 14,911
31/12/2022 - 14,888
7/1/2023 - 16,142
14/1/2023 - 16,888
21/1/2023 - 16,784
28/1/2023 - 17,033
4/2/2023 - 18,700
11/2/2023 - 19,600
18/2/2023 - 20,600
25/2/2023 - 21,600
4/3/2023 - 22,600
11/3/2023 - 23,100
18/3/2023 - 23,600
25/3/2023 - 24,250
1/4/2023 - 24,900
8/4/2023 - 25,600
15/4/2023 - 26,300
22/4/2023 - 26,800
29/4/2023 - 27,200
6/5/2023 - 28,200
13/5/2023 - 28,700
20/5/2023 - 29,200
27/5/2023 - 29,500
3/6/2023 - 29,700
10/6/2023 - 30,100
17/6/2023 - 30,400
24/6/2023 - 30,100
1/7/2023 - 29,900
8/7/2023 - 30,200
15/7/2023 - 30,000
22/7/2023 - 30,200
29/7/2023 - 30,100
5/8/2023 - 30,300
12/8/2023 - 30,400
19/8/2023 - 30,700
26/8/2023 - 30,900
2/9/2023 - 31,100
9/9/2023 - 31,600
16/9/2023 - 31,700
23/9/2023 - 32,200

https://www.channelnewsasia.com/singapo ... ns-3808021


There’s a bar graph showing the population, yearly for the past few. Does look like the trajectory is still up.

[the observer]

In a crazy turn of events, I just found out, although my agent and landlord renewed my rental agreement, the HDB quota for Non Citizens is full for my block

HDB has already sent letters to my mailbox addressed to the landlord, telling them the approval for renting out has expired and they should either come back and live there or they need to apply again for renting out.

My landlord said, they have written to HDB and awaiting their reply. As the NC quota is evaluated every month, I am hoping the quota opens up on the 1st of Oct. Otherwise I dont know what are my options.

Per your previous posts, you’ve viewed other units and there’s no competition for it. Fret not.

[Lisafuller]

In a crazy turn of events, I just found out, although my agent and landlord renewed my rental agreement, the HDB quota for Non Citizens is full for my block

HDB has already sent letters to my mailbox addressed to the landlord, telling them the approval for renting out has expired and they should either come back and live there or they need to apply again for renting out.

My landlord said, they have written to HDB and awaiting their reply. As the NC quota is evaluated every month, I am hoping the quota opens up on the 1st of Oct. Otherwise I dont know what are my options.

Per your previous posts, you’ve viewed other units and there’s no competition for it. Fret not.

If there is no vacancy, there's no way around it though.