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REALLY??? Cmon now, thoughts on RENT in Singapore...

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Robnc
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REALLY??? Cmon now, thoughts on RENT in Singapore...

Postby Robnc » Sun, 17 Apr 2011 10:02 pm

Really? 1000's of $ a MONTH? How do people do it? we are exploring the possibility of a move to singapore, but the rental market is just crazy. I know it is what it is, but HOW did it get that way? Are there any publications or online resources for finding places that arent as much as all the properties listed on this site? I looked at craigslist, but anyone using any other kind of search tool? Sorry to whine but wow.......I am in shock!!!

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Postby FaeLLe » Sun, 17 Apr 2011 11:31 pm

Welcome to Singapore I suggest you consider a hdb far away from the city?

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Postby ksl » Mon, 18 Apr 2011 2:02 am

FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too :-|

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Postby Robnc » Mon, 18 Apr 2011 2:42 am

wow. thanks. guess we will be rethinking this! cheers

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Postby Mad Scientist » Mon, 18 Apr 2011 4:06 am

Two words

Demand & Supply
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

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Postby FaeLLe » Mon, 18 Apr 2011 8:05 am

ksl wrote:
FaeLLe wrote:Welcome to Singapore I suggest you consider a hdb far away from the city?
You would be surprised how fast rents are rising in HDB too :-|


Your right ksl, I know a colleague who is paying 3000 sgd pm for a 3 bedroom bhk hdb (new style upgraded hdb with only 2 units per floor).

In comparison just 5 months ago before he took his lease last year when I was renting I paid 2100 for a 2 bedroom condo in kembangan...

Markets are so steady rising it's as if the later you take it up the more you pay.

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Saint
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Postby Saint » Mon, 18 Apr 2011 8:54 am

Mad Scientist wrote:Two words

Demand & Supply


And greed!

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ev-disinfection
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Postby ev-disinfection » Mon, 18 Apr 2011 9:05 am

Mad Scientist wrote:Two words

Demand & Supply


and good economic growth (property price boom) + stable gahmen.

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Postby nakatago » Mon, 18 Apr 2011 9:59 am

Saint wrote:
Mad Scientist wrote:Two words

Demand & Supply


And greed!


+1

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Postby JayCee » Mon, 18 Apr 2011 10:24 am

Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!

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JR8
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Postby JR8 » Mon, 18 Apr 2011 3:09 pm

JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!



I not sure why some people think a vendor should take less than the market is willing to pay :???:

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Postby JayCee » Mon, 18 Apr 2011 3:22 pm

JR8 wrote:
JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!



I not sure why some people think a vendor should take less than the market is willing to pay :???:


There's the thing though, landlords in Singapore who are renting condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice

The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.

I can't speak for HDBs, but I wouldn't be surprised if similar happens there.

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Postby nakatago » Mon, 18 Apr 2011 3:35 pm

JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!


and greedy agents.

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JR8
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Postby JR8 » Mon, 18 Apr 2011 4:03 pm

JayCee wrote:
JR8 wrote:
JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!



I not sure why some people think a vendor should take less than the market is willing to pay :???:


There's the thing though, landlords in Singapore who are renting condos know that their main market is foreign expats who have a limited time to find somewhere to live when they arrive (typically between 2-4 weeks) and jack up the prices accordingly knowing that there are enough people who will pay it not because they think it's good value but because they don't have much other choice

The funniest thing is that some are actually prepared to let their places sit empty for months until they find someone who will pay the inflated prices.

I can't speak for HDBs, but I wouldn't be surprised if similar happens there.


Interesting. I wasn't aware of the acceptance of voids in SG. One of the key mantras for the more experienced UK landlord is 'Voids kill', i.e. it is better to have a place let at a price lower than you had hoped for, than to have it sitting empty.

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JR8
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Postby JR8 » Mon, 18 Apr 2011 4:04 pm

nakatago wrote:
JayCee wrote:
Mad Scientist wrote:Two words

Demand & Supply


2 more

Greedy landlords!


and greedy agents.


I think there is a lot of truth in this!


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