And if the stock market absolutely tanks and economic growth falters, lots of expats might not need to worry about a Singapore rental if they are recalled home or find themselves without a job.EastCoaser wrote:It seems that the Global Stock Market Collapse that we are seeing in the Markets may lead to the property Market Collpase in Singapore.
Lets hope that the misery of all Expat Tenents is over soon.
We will then teach these owners a RIFE LESSON.
We should also feel for all poor folks who bought IT stocks in 2000, right? And for the ones that suffered from nigerian 419 scams, while we're at it.gmail wrote:Who feels for the poor house owner who have to endure low rental but high interest rate for the last few year! Be realistic, lower your expectation and move to a cheaper location. I am sure there are many out there.
And that is the crux.German_Expat wrote:There seems to be so much hostile feelings built up against apartment owners, they seem to have successfuly built a similar reputation to secondhand car salesmen in the UK....
Teaching a 'RIFE LESSON' is not really the objective, more like achieving a reasonable and stable rental level would be more constructive. Bust and boom situations are very troublesome, steady growth in line with salary rises are more beneficial. ....
You sound so sweet and naive Murat.muratkorman wrote:I also observed how rental prices boomed just when I arrived in Singapore. Many colleagues of mine who arrived a few months earlier could find better deals. Luckily I could find some reasonable condo at the end. Then the rise continued and I felt even luckier that I didn't arrive recently. But I must admit that some comments in this thread are so harsh and I feel like some hatred against landlords is created.
I am a tenant myself and I would be angry with my landlord when he wants a 50% rise at the end of my contract. But some of you seem to forget the basic principle : supply and demand. When your contract is about to end, landlord will try to get the best rate. If there are people willing to pay that money he asks, why do you complain? You either negotiate and agree somewhere in the middle or evacuate the place. If you were a landlord, you would try to get the best rate rather than renting your apartment to the same tenant who pays 30-40% less than the avarage rates.
I believe this increase will stabilize and rent prices will even fall, but it is not easy to guess when. I also find it very expensive to live here, but this is the fact and I prepare myself for a worse situation rather than hoping the global economic crisis hits also here and affects the rent prices. I find that approach very narrow-minded as there will be more serious consequences.
Well, if you play with fire, you get burnt, isn't it?gmail wrote:Hi,
Finally there's is someone like Muratkorman, an expats who talk sense.
Who feels for the poor house owner who have to endure low rental but high interest rate for the last few year! Be realistic, lower your expectation and move to a cheaper location. I am sure there are many out there.
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