Tiagong, SG rental color not healthy de woh

[k1976]

https://www.google.com/amp/s/www.businesstimes.com.sg/property/singapore-face-first-rental-slump-four-years?amp

THE longest rally in Singapore’s housing rents in a decade may be coming to an end.

Singapore’s residential rents may decline as much as 10 per cent in 2024 after rising up to 15 per cent this year, Bloomberg Intelligence analyst Ken Foong said in a report on Wednesday (Nov 8). He said the drop may be even greater if the macro-economy worsens or a crisis emerges.

 

[k1976]

Twice as many new homes were built in 2023 compared with the previous year as construction bottlenecks eased after the pandemic, he wrote. Running down this supply will take time, as it’s above the annual average in the 10 years before. More new homes coming onto the market next year will also suppress rents.

“Tenants are likely to push back on sky-high rents due to higher vacancy, with more units to choose from, macro uncertainties and the rising cost of living,” Foong said.

High rents, a pain point for Singapore expats and locals alike, are already easing. The government’s index for private housing leasing costs gained just 0.8 per cent in the third quarter, the slowest increase since rents started climbing at the end of 2020.

 

[k1976]

 

[k1976]

 

[Scrooball (clone)]

Rent keep increasing, but salary got increase as fast? Sooner or later, it’s better to stay in a shit country and earn more from saving on rent.

 

[millim6868]

If property drop then rent goes down, if property up rent also up, papigs hiring cb mouth to brain washed landlords so their pet foreigners can cone in work n get cheap rent, cb, really pap is ccb

 

[congo9]

Drop in rental means there's room for foreigner to work in Singapore.
So Singapore will keep importing foreigner.

It's not hard.