Junior
Rental contracts for all districts [non-landed] in July 2012 has reached an ALL time HIGH at 4221 [$19.9mil] SURPASSING July 2011 peak at 4218 [$19.5mil] in both rental contracts and value.
Why someone who shouted no 50% drop no buy neh neh claim no one renting, people leaving. Why? Whyyyyyyyyyy???
Senior
Mr B kenna jialat jialat
Junior
my theory, bbbasically many pple sell then rent b hoping to drop. Sounds familiar?
Junior
Chart post big big
Senior
the most BASIC thing is never to sell the only roof over one's head
Originally Posted by dtrax
Newbie
Sounds fun
Affordable means small
Junior
my dear, it is not fun when you pay $X,XXX p.m x 12mnths every yr. The only revenge you can do is wreck havoc to the landlords home or keyboard warrior copy n paste everyday... even that can have dire consequences on mental n health..never mind fainting and spend the money go see doc.
Senior
Collecting rent is FUN...
Paying rent SUCKzzzzz
I know....been there done that...
Junior
No wonder MR B so quiet the whole night.. Thinking hard whether to grab one unit first thing in the morning at One Dusun before is gone.. Paying rental for the past 4-yrs is really no joke..
Senior
u wreck havoc u loose ur 1mth deposit so part of it so be good and at least take back ur 1mth deposit thats what i be doing and also thanking my landlord for giving me the oppurtunity to let me and my family have stayed in his beautiful house...
Junior
With vacancy rate has been holding steady at 6.8% for last 3 quarters from 2011 Q4 till now, I have no comments.
Newbie
They only have themselves to blame for being too greedy to speculate the market. It is only right they pay X,XXX. Oops
Affordable means small
Junior
Source: http://www.channelnewsasia.com/stori...222421/1/.html
SINGAPORE : Property leasing transactions in Singapore hit a record high of S$24.5 million in July, based on data by the Urban Redevelopment Authority (URA).
In July, median rents for both landed and non-landed homes also hit a historical high of S$2.81 per square foot per month (psf pm) and S$3.60 psf pm respectively.
On a year-on-year basis, median rents for landed homes rose 2 per cent, while median rents for non-landed homes rose 7 per cent.
Meanwhile, leasing volume for both non-landed and landed homes rose 11 per cent on-month to 4,717 leases in July 2012.
This reflects strong, prevailing demand for landed and non-landed homes.
On a year-on-year basis however, total leasing volume fell by 0.7 per cent, closely matching last year's figures.
Property consultancy Savills Research said July is traditionally a seasonal peak for the rental market, so leasing transactions are expected to decline thereafter.
However, they added that when measured on a year-to-year basis, leasing transactions would at least hold firm or even sporadically rise for a month or two.
Savills is also confident that rents on per square foot basis will increase, as new incomers with constrained rental budgets move towards smaller format homes, or landed properties with a lower absolute quantum.
The dire eurozone situation is also likely to keep the number of new leases high and even exceed last year's numbers.
However, rental quantum payable is likely to fall after the bulk of small format homes sold from 2010 onwards is completed.
According to Savills, this bulk of small format homes has the effect of keeping rental indices up.
They suggest that once these are completed from 2013, coupled with a stagnating eurozone situation, rents may see an inflexion point.
Senior
Searched one month still can't find tenants. Only 2 viewings. Is it coz my agent lazy or market no good? Now that the latter has proven to be false, then must be the former is true lah... sigh!
GOD good old days
Which location bro?Searched one month still can't find tenants. Only 2 viewings. Is it coz my agent lazy or market no good? Now that the latter has proven to be false, then must be the former is true lah... sigh!
Senior
Seng Kang Hougang area.... Me no concern lah... suspect my agent not working hard enough... will push a bit more... Lol!
Music of the night
Technically, rental for condo should escalate in next few years at moderate pace, so all time high will not stay that long
Ride at your own risk !!!
Senior
Is yours a MM 1/2 bedder or normal 2/3 bedders? I suspect the index is pushed by by MM.Searched one month still can't find tenants. Only 2 viewings. Is it coz my agent lazy or market no good? Now that the latter has proven to be false, then must be the former is true lah... sigh!
GOD good old days
With the deluge of projects coming up in NE, think will worsen the situation in a few years time.. Must prepare 3 months without tenant for contingency?Seng Kang Hougang area...
Senior
try push to other agent...maybe this one not working hard enough...Searched one month still can't find tenants. Only 2 viewings. Is it coz my agent lazy or market no good? Now that the latter has proven to be false, then must be the former is true lah... sigh!
Junior
Agent not working hard? Well D19 rental contracts started bottom about 2 months ago and started to increase in transactions. Could be because of your asking or maybe age of condo?Seng Kang Hougang area...
Music of the night
ysyap PM Mr B, you might get immediate tenant
Ride at your own risk !!!
Senior
like...ysyap PM Mr B, you might get immediate tenant
Senior
Location makes a difference.
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