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Thread: hard time finding a place

  1. #1
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    Default hard time finding a place

    Do you guys find the hdb flat renting rate is 50% more than last year? (1.3k compared to 900)
    Is it because more and more foreigners come to Singapore? or is it because not enough new HDB being built? or is it because of all the real eastate agents?
    I'm having a hard time finding a place man price is now sky high.
    Imagine in one year, the profit to Singaporean from foreigner renting HDB jump 50%.
    If next year another 50% i die

  2. #2
    Senior Member cichlid's Avatar
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    Default Re: hard time finding a place

    Quote Originally Posted by htthach View Post
    Do you guys find the hdb flat renting rate is 50% more than last year? (1.3k compared to 900)
    Is it because more and more foreigners come to Singapore? or is it because not enough new HDB being built? or is it because of all the real eastate agents?
    I'm having a hard time finding a place man price is now sky high.
    Imagine in one year, the profit to Singaporean from foreigner renting HDB jump 50%.
    If next year another 50% i die
    I dont think its the real estate agents fault. Its probably affected by supply and demand.

  3. #3
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    Default Re: hard time finding a place

    Quote Originally Posted by cichlid View Post
    Its probably affected by supply and demand.
    I believe that's a scenario that's being made up and taken advantage of by property agents. "Economy is improving" so they say, in an effort to justify > $500 increases in rent, without anything new in return (which means, lousy furnitures provided remain the same etc).

    How much salary increment did you get this year, BTW?

    :Later,

  4. #4

    Default Re: hard time finding a place

    There is high demand on condos now and many rental prices have jumped from $2k to $4k in under a year. Subsequently, some people who could afford condos in past are now looking at HDBs as an affordable alternative. Therefore demand>supply and prices are rising.

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    Default Re: hard time finding a place

    Quote Originally Posted by eastwest View Post
    There is high demand on condos now and many rental prices have jumped from $2k to $4k in under a year. Subsequently, some people who could afford condos in past are now looking at HDBs as an affordable alternative. Therefore demand>supply and prices are rising.
    Some 3 bedroom HDB flats now are going for -- would you believe -- $1600. I've even seen one at $1800. Not talking about flats near City but rather in the East (Bedok - Tampines).

    Affordable? Don't think so.

    :Later,

  6. #6
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    Default Re: hard time finding a place

    There're some articles in the local papers recently on this. Here's one:

    http://www.straitstimes.com/Money/St...3.html?vgnmr=1

  7. #7
    Senior Member Galdor's Avatar
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    Default Re: hard time finding a place

    Quote Originally Posted by Pinoy View Post
    Some 3 bedroom HDB flats now are going for -- would you believe -- $1600. I've even seen one at $1800. Not talking about flats near City but rather in the East (Bedok - Tampines).

    Affordable? Don't think so.

    :Later,
    3-room flat rental for $1600. That's very expensive. My mum's place which is very near the City is renting for a much lower amount. Guess that due to the low supply and high demand, the prices have been pushed up much higher than it should be.
    Minolta. Konica Minolta. Sony

  8. #8

    Default Re: hard time finding a place

    Yes rents have been going crazy. Friend that used to pay $1100 for her rent had it upped to $1800.

  9. #9

    Default Re: hard time finding a place

    A lot of expats are leaving SG because of the high rent already.

  10. #10

    Default Re: hard time finding a place

    can you send me some details??
    my aunt got room/flat to rent ?

  11. #11

    Default Re: hard time finding a place

    Quote Originally Posted by simon80 View Post
    can you send me some details??
    my aunt got room/flat to rent ?
    Just look at the classified ads in the papers for an idea of the price to charge.

    I don't know about people leaving. If there were people leaving, where would the demand be? Some might be, but others are taking their place.

  12. #12

    Default Re: hard time finding a place

    The Straits Times reports about a "15%" increase are a JOKE.

  13. #13

    Default Re: hard time finding a place

    the rent in my condo has gone up near 100% in 10 months. go figure.
    luckily, I signed a 2 yr contract. dunno how high the rent will be next year.

  14. #14
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    Default Re: hard time finding a place

    if someone give me 3 bed room HDB flat at $1.6 i'll sign immediately.
    3 bed rooms is going for 1.8 to 2k now
    how sad

    i thought of this joke last time during lunch, now it may be practical.
    --------
    buy islander membership from sentosa $20 per anual
    buy a 4 men tent at carefourr $20
    ask a friend to put some stuff over in the store room without staying $50 per month (maybe more, may be less)
    stay in office till late no need to go back
    after work go back to the friend's place to pick up some clothes, iron and pick up the tent.
    Go sentosa !!! yay !
    bath in the sea to relax !!
    camp at the beach ! yay ! and sleep early ! (coz got nothing else to do)
    wake up early to go to work !
    having a sentosa as your house at cheap cost !!! hahaha
    (actually my big boss live at the Keppel Caribbean near by, can take a lift haha if i dare to ask)

  15. #15
    Senior Member melvin's Avatar
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    Default Re: hard time finding a place

    Quote Originally Posted by htthach View Post
    if someone give me 3 bed room HDB flat at $1.6 i'll sign immediately.
    3 bed rooms is going for 1.8 to 2k now
    how sad

    i thought of this joke last time during lunch, now it may be practical.
    --------
    buy islander membership from sentosa $20 per anual
    buy a 4 men tent at carefourr $20
    ask a friend to put some stuff over in the store room without staying $50 per month (maybe more, may be less)
    stay in office till late no need to go back
    after work go back to the friend's place to pick up some clothes, iron and pick up the tent.
    Go sentosa !!! yay !
    bath in the sea to relax !!
    camp at the beach ! yay ! and sleep early ! (coz got nothing else to do)
    wake up early to go to work !
    having a sentosa as your house at cheap cost !!! hahaha
    (actually my big boss live at the Keppel Caribbean near by, can take a lift haha if i dare to ask)
    How about 5room flat for $1700?

  16. #16
    Senior Member melvin's Avatar
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    Default Re: hard time finding a place

    or a 2bedroom condo for $1700? brand new reno!

  17. #17
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    Default Re: hard time finding a place

    depends on your budget... im in property line and really, our co kept asking us to increase prices and even current tenants aint spared.. yet many stay with us, becos outside rates are much worse... reason ? market is going up, they said. imagine our terrace hses increased from S$1300.00 (not incl. prevailing taxes yet) to S$2200.00 now.

    i also headache ah... currently looking for a place... sigh ...

    prices are determined by quantity demand and quantity supply..... i think average 3room flat also can rent for S$1.1K min...
    爱是要时间慢慢培养的。。

  18. #18

    Default Re: hard time finding a place

    I wonder why all of a sudden the demand increased so drastically. Just last year, a 4-bed room unit at a condo at CCK was only going for $1800 a month, but then this year the rent has gone up to $2300! The property agent said $1800 will at best get you a 4-bed room HDB. Did we see a sudden population surge??? are the buses, trains more crowded these days? more traffic jams? I am completely lost as why the sudden jump
    Last edited by barracuda; 30th May 2007 at 01:53 PM.
    Come visit my blog

  19. #19

    Default Re: hard time finding a place

    It's in line with the huge land price jump with the Marina bay sales. It had a halo effect.

  20. #20
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    Default Re: hard time finding a place

    Quote Originally Posted by melvin View Post
    How about 5room flat for $1700?
    call me 92767087 if u have haha
    i'll pay you more than that


    can't imagine in one year things go up so much
    house renting consumes most of my monthly expense
    and an increment of 50% makes the 7% GST thing super minor

    so ppl say the price jump due to demand and supply.
    so the demand got sudden jump or the supply got sudden drop?

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