HDB infoweb's median rent vs. market rent

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ignorantcow
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HDB infoweb's median rent vs. market rent

Post by ignorantcow » Wed, 09 May 2012 2:53 am

I'm sure this is a question a lot of people have thought about: why is there such a big difference between the figures reported by HDB and the figures you actually see on the open market?

http://www.hdb.gov.sg/fi10/fi10323p.nsf ... enDocument

Granted the figures are "median", but looking through sites like ., it is impossible to find a 5 room for 2.5k-2.8k, much less a figure below that.

I read on another thread it may be due to the inability of expats to bargain, but surely bargaining can only reduce the initial figure by so much right? Or is it possible?

I've heard of people that haggle with reasons such as insufficient appliances to bring down the figure by $100 or so. Are there more ways to renters can use to bring down rent?

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beppi
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Post by beppi » Wed, 09 May 2012 4:19 pm

You are probably confusing HDB rentals (government housing, a regulated market) and private condos (free market, and usually higher class).
The rentals on the HDB site are in the right ballpark, according to all I know. condo rentals are quite a lot higher. Most ads (especially those from agents) are for Condos.

cw1483
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Post by cw1483 » Thu, 17 May 2012 4:53 pm

For condos, I've gone to Urban Redevelopment Authority and downloaded the last quarter guide. The median price seem to be on the ball with . if you negotiated 5-10% from the price.

Link of 2012, 1st Quarter condo rental prices:
http://www.ura.gov.sg/realEstateWeb/rea ... roller.jpf

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