Rental yields are low in Singapore, that's probably why, many Landlords try to hang on to the deposits.
The mind set here is kind of, eat the hand, that feeds you!
Rather than planting seeds to reap an harvest.
Although I am starting to believe it's a sign of the lack of ability of individuals, to look futher than their noses,
My question is, is there any hope, that the mindset can be changed?
Is Singapore in the progress of improving quality services?
When will we see a change in positive consumer attitudes?
The law leans towards the Landlords, with no tenant protection, can it be influenced to change for better consumer protection?
Many properties are rented out, with garbage furniture, have these landlords no sense of pride or respect?
I mean, if one is paying 4 & 5000 a month, what would you expect in a furnished property
Personally I don't believe the prices will drop, significantly that it matters, that much, although one should not buy to sell in 3 years and hope to make money, that is a risk not worth taking, although it is easy to rent out, to find a good reliable management service is another matter.
There are certainly many wiz kids around in these agency setups, which is giving the whole property industry a bad name!
Although there are also many good ones, so what's needed is some form of creditation other than being a member of the property Association, because agents do not need a licence, they operate under the licence holder, and with freelance agents in the thousands, something is going to give, and that appears to be quality of services.
There is certainly a conflict of interest, even though independant agents can be used.
The mentality is like look out expat from the west coming, price shoots up, or is it just my imagination? It doesn't happen in the local area so much, I think it's more prone to be, in the property and tourist areas, becuase visitors, don't often start discussing, the price so much, becuase they have little to relate to.
Are the complaints so small in comparison to the amount of expat rentals, that it doesn't matter, if deposits are not returned?
Do Landlords forward deposits on to expats, if the expats have left the Country, just how big is the problem, anyone know?