Rental prices still going down?

[URA]

Why is it so difficult to find info on rental prices that were released this week?  I checked some individual condos, and while some have gone up, others have come down. Here are some examples of median price psf from 2009 Q4 to 2010 Q1.



BLUE HORIZON 3.71 -> 3,57

CAIRNHILL CREST 4.86 -> 4,31

CARIBBEAN AT KEPPEL BAY 5.36 -> 5,28

CHILTERN PARK 2.28 -> 2,15

EAST MEADOWS 2.62 -> 2,57

HILLVIEW HEIGHTS 2.07 -> 1,97

HUME PARK II 2.00 -> 1,93

PARK INFINIA 4.59 -> 4,51

SIMSVILLE 2.57 -> 2,55

SYMPHONY HEIGHTS 2.24 -> 2,21

UE SQUARE 3.37 -> 3,25



Obviously there are hundreds of condos in SG but I only checked the ones I have heard of.

[tentals up]

Overall with the strong economy the rentals are still quite solid.

[PP obvious]

As Mandy Rice Davis once said "You would say that wouldn't you" being an agent and all.

[URA]

"tentals up",

As I mentioned there are also condos that signed prices have gone up. I'd imagine the fresh expats 'off the boat' especially are increasing the figures as they don't know how much lower you can negotiate the asking prices. However it looks like there are good deals for seasoned expats right now.

Re your comment on strong SG economy, it actually doesn't have much effect as Singaporeans stay in HDBs. It's the overseas companies who send the people that will rent so the global economy is the focus (which isn't very good to be honest).

Given the huge supply of new units, I don't know if this will change anytime soon.

[To URA]

You know you are correct, I know you are correct, most rational people would agree with you.

However, parasitic know nothing scum lower than whale shit ie Singapore Agents have a different warped world view than most rational educated people.

[Even]

You have to consider where some of these condos are.

Blue Horizon is next to the new construction of the Vision. So West Coast Condo etc. will be getting cheaper too.

Hillview, Symphony Heights, Hume Park II are being stuffed by the construction of the new MRT line and the mess being made of Upper Bukit Timah. I suppose some of the other condos around Hillview, Cashew and Upp. Bkt Timah will also be getting cheaper as a result.

The other onese I don't know where......off my route but i might suspect construction there too>

[howwwww>]

how did you find out that rental data? is it on the ura website?

[find somewhere]

You have to consider where some of these condos are.

Blue Horizon is next to the new construction of the Vision. So West Coast Condo etc. will be getting cheaper too.

Hillview, Symphony Heights, Hume Park II are being stuffed by the construction of the new MRT line and the mess being made of Upper Bukit Timah. I suppose some of the other condos around Hillview, Cashew and Upp. Bkt Timah will also be getting cheaper as a result.

The other onese I don't know where......off my route but i might suspect construction there too>

Find somewhere that isn't near new construction.  The whole sodding place is a building site.

Rents are down a lot if you are re-newing compared to a couple of years ago.  Compared to 6 months ago though they are likely up a bit.

[not sinking in]

"tentals up",

As I mentioned there are also condos that signed prices have gone up. I'd imagine the fresh expats 'off the boat' especially are increasing the figures as they don't know how much lower you can negotiate the asking prices. However it looks like there are good deals for seasoned expats right now.

Re your comment on strong SG economy, it actually doesn't have much effect as Singaporeans stay in HDBs. It's the overseas companies who send the people that will rent so the global economy is the focus (which isn't very good to be honest).

Given the huge supply of new units, I don't know if this will change anytime soon.

But thats the key.  There are more new first timer expats coming here off the boat than ever before.

[Really PP]

You really think the rate of first timer expats arriving here is higher than ever before?

Absolute tosh

[In Denial]

The Edge reported that rents are back to record levels seen in 2007.
Can you guys please stop being in denial. Either ask your boss for a raise or start packing up if higher rents are going to bother you so much.

[to PP]

The Edge reported that rents are back to record levels seen in 2007.
Can you guys please stop being in denial. Either ask your boss for a raise or start packing up if higher rents are going to bother you so much.

It's a bit hard to believe, for obvious reasons.   Link please?

[Tragic]

To In Denial

What the Edge actually says is that sales at Marina Bay Residences are fast approaching 2007 levels. Note the word SALES. NOT Rent.

[Also...]

Of those new expats arriving here, the majority will not be on "packages" and will be paying their own rent, etc.

[down down down]

Have been here over 10 years and from what I gather places on rental mkt vacant for over 6 months are taken out of statistics which makes it all seems somewhat more positive than it really is.

We've been looking around and and can say rentals have dropped unless the landlord is hellbent on waiting for that top offer meanwhile losing money in the long run by keeping a vacant (not unusual here as most of us know). Also are a lot more vacant places that usually have higher occupancy.