P1 Registration - Living in address for 30 months

[Kelonguni]

http://www.straitstimes.com/news/sin...30-months-july

How do you think this piece of news will have an impact on the rental and buying demand?

[MrTan]

Lol. Today really got some news that trigger few requests for forummers' opinions on impacts to property market.

Taken from cna report...
QUOTE
Mr Lim said the impact may be felt more in the rental market, as parents could look for leases that last beyond the typical two years, which as a result could also lead to higher rentals.

“Typically rentals run for two years. I believe most would be looking at negotiating perhaps for longer leases, which means that there is also a possibility that landlords will take this opportunity to price that in, to lock in the rentals at a higher rate,” he said.
UNQUOTE

Mr lim in this quote refers to mr Eugene lim, era keo.

http://www.channelnewsasia.com/news/...1/1871218.html

[Kelonguni]

Other than the commonly touted consequences, here are some suggestions:

A slight dampener on demand for MMs near elite schools. Some people buy or rent just for the address to register for Primary Schools. Now that they have to prove staying in the address, it might not be feasible for some families.

Increased demand for family-compatible housing near elite schools. This is fairly apparent.

A shift from HDB renting to private renting (2.5 to 3 years) for the foreigner segment.