Rents are sky high!

[revhappy]

Hi Guys,

I am in the process of house hunting since my lease is getting over by sept end. I have noticed that its really hard to find a decent 3 room HDB flat for anything less than 1.8k. Most of the flats are going at 2.2 -2.7k average. Its really getting crazy. If our economy keeps booming I wonder where will prices end up a year from now.

[nakatago]

Sadly it's just one of the things we have to accept--the sky is blue, grass is green, water is wet, Singapore is small, SMS is a cranky curmudgeon.

[Saint]

It's not really down to the economy booming now but the recession from 2 years ago when many expats decided to give up renting condos and went for HDBs. As soon as the demand for HDB rentals went up so it the rental prices.

[esteelauder]

dude.. my owner just give us "warning" that he will increase increase the rent initially from 1.9k to 2.5k (4+1 room) for tis year... i admit rite now, the rental exp very exp... ... lolz..

[sundaymorningstaple]

Sadly it's just one of the things we have to accept--the sky is blue, grass is green, water is wet, Singapore is small, SMS is a cranky curmudgeon.

Been wanting to use this for a while now......

[nakatago]

Sadly it's just one of the things we have to accept--the sky is blue, grass is green, water is wet, Singapore is small, SMS is a cranky curmudgeon.

Been wanting to use this for a while now......

[pikerr]

Its quite hard to rent a whole 3 room flat below 1800 nowadays
renting a room can even cost 600 - 800 per month depending on location

[sg_lover]

Due to new HDB buying rule, rental may come down in a month.. Govt. also expecting the same..

[SGBoyxxx]

which areas threadstarter rent?

toa payoh? amk? bishan?

[revhappy]

Threadstarter finally found a 3 RM flat in Yio Chu Kang, not close to the MRT but close to wife's office(2 bus stops away). Rent advertised on . was 1.9k. But I negotiated to 1.75K. Owners were Indians, so were we, so they agreed.

[Strong Eagle]

Due to new HDB buying rule, rental may come down in a month.. Govt. also expecting the same..

I doubt it. The gahmen made no changes to the rules for foreigners investing in non HDB property, else the market might have collapsed. HDB rents and sales prices will remain high because non HDB prices have not been curtailed in any manner.

[ksl]

Threadstarter finally found a 3 RM flat in Yio Chu Kang, not close to the MRT but close to wife's office(2 bus stops away). Rent advertised on . was 1.9k. But I negotiated to 1.75K. Owners were Indians, so were we, so they agreed.

Nice on Revhappy, you are learning the tricks of the trade, now don't forget to list and photograph everything, including floors and ceilings,check the toilets flush and taps do not drip, check for air con last service, you need a full account of any wear and tear, plus damage.

you start at the front door, check door, framework inside and outside. check locks for any forced damage. Then work around the room, checking walls and window frames, the opening and closing of windows, note any stiffness, or difficulties. holes, fillings and damage on walls, take photo's once walls are complete, check the floor for tiles chipped or broken, damage, stains, on wood or tiles, complete check ceiling for filling of holes take notes, any marks, take notes.

Do the same with each room and photograph for evidence, give the landlord a copy. make sure you have date stamps on the pics or video footage.

In all fairness to both landlord and tenant, be fair and not unreasonable, and hand over the apartment in the same condition.
Clause in contracts take with caution, don't let the LL have all the glory, give and take, try to agree on the exit terms, in case you lose your job and/or move. good luck!

Revhappy:You own a ferrari if you want to be someone, You own a Lamborghini if you are someone!

Not quite true in Singapore dear friend, the guy who siphoned off 11 million sing$ from the SLA had the Lamborghini, all he was, was a criminal, and is sitting behind bars with nothing....talk about brains man and Singapore talent, this guy was plane stupid, buying property and flash cars on his income. Always better to be a poor fool, than a rich idiot

[sundaymorningstaple]

this guy was plane stupid,

I know you probably meant "plain" stupid, but to me there is a hidden truth in it. He was also "plane" stupid as well. Once I reached 10M I would have been on a "plane" and outta here, post haste!

[ScoobyDoes]

this guy was plane stupid,

I know you probably meant "plain" stupid, but to me there is a hidden truth in it. He was also "plane" stupid as well. Once I reached 10M I would have been on a "plane" and outta here, post haste!

Yeah, me too..... he obviously didn't take into account he could have save 40-50% of the cost of the car simply by moving overseas, bought a much better property for 1/4 of the cost of the condos here (maybe a nice vinyard in New Zealand for example).

Greed gets such types, in the end. Own a Lambo all is fine, want a Ferrari as well, crash it and get caught.

[revhappy]

Thanks a lot, KSL, for the very sound advice.