Rental movement in Orchard / Novena / Newton

Discuss about life in Singapore. Ask about cost of living, housing, travel, etiquette & lifestyle. Share experience & advice with Singaporeans & expat staying in Singapore.
Post Reply
hdhntr
Newbie
Newbie
Posts: 2
Joined: Tue, 02 Dec 2008 1:31 am

Rental movement in Orchard / Novena / Newton

Post by hdhntr » Tue, 02 Dec 2008 4:35 am

Hi,

New to all this since I'll be moving to Sing in January. Probably looking to rent a 2/3 bed apartment in the areas above and wondered if anyone had any specific examples of what's going on in the rental market? Press seems to be saying down 1-3% qoq, but then others are saying they are seeing large drops. If anyone has rented in the areas in the last month or so and has direct experience to relate it would be much appreciated.

Also, is there any general advice around negotiating rents? How much downward movement can I expect, and how low is considered rude?! I'll be working with a property search consultant so I don't want to mess them around.

Cheers in advance.

User avatar
durain
Director
Director
Posts: 3666
Joined: Thu, 23 Aug 2007 8:15 pm
Location: Location: Location: Location:

Post by durain » Tue, 02 Dec 2008 8:15 am

have you check www.singaporeexpats.com?

hdhntr
Newbie
Newbie
Posts: 2
Joined: Tue, 02 Dec 2008 1:31 am

Post by hdhntr » Fri, 05 Dec 2008 6:00 am

Yep, very helpful! But just wondering if anyone had any information around what rents are being realised rather than advertised at the moment.

Cheers.

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 39633
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 10
Location: Retired on the Little Red Dot

Post by sundaymorningstaple » Fri, 05 Dec 2008 11:19 am

What was realized last week won't be indicative of next week so it's a catch as catch can situation. If you have read enough threads here you know that the best way is to go with your checkbook in hand and be prepared to negotiate. One landlord may negotiate and another may not. So, it would depend on whether you talk to 'attidude' who got relief or someone else who didn't. Using the URA/HDB data while useful is not updated rapidly enough in the rapidly changing landscape. It isn't even useful to see trends (this world recession is the worse since the great depression of '30's).
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

mak003
Newbie
Newbie
Posts: 6
Joined: Tue, 09 Dec 2008 2:52 pm
Location: Singapore

Post by mak003 » Fri, 19 Dec 2008 3:55 pm

rentals depend on the following:

1) location: u want to stay central, so u can expect price floors. for 2 bedroom, price floor could be in the range of 2.4k - 2.8k.... for 3 bedroom, 3.2k (which is what im paying) to 3.5k....

2) age: older apartments in singapore tend to be bigger, and owners are willing to negotiate. new apartments are smaller but swanky, and owners/agents are relatively inflexible in negotiation.

3) agents / owners: they come in all shapes n sizes. some are nice and accommodating, others are stubborn n stiff. either way, make sure u dont get stuck with someone who's gonna bug u through the lease period, n not look out for ur welfare.

:)

good luck!

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Staying, Living in Singapore”

Who is online

Users browsing this forum: No registered users and 9 guests