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Finally
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« on: 31 March 2011, 15:31:13 pm » |
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Flash estimates from URA, private property rentals came down across the board in 2011 Q1. The only exception was 4 bedroom units in prime areas. I would like to say 'I told you' but I won't  |
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ExpatSingapore Message Board
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« on: 31 March 2011, 15:31:13 pm » |
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going up
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« Reply #1 on: 31 March 2011, 16:17:53 pm » |
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Its always like this at this time of year. Come June/July you will see them start to rise again. Typical for time of year.
Great place to buy property.
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Dr. Nick 2
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« Reply #2 on: 31 March 2011, 17:01:40 pm » |
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Hmmm. best I can find at URA is PDF for 2010Q4.
Can specify?
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JLL
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« Reply #3 on: 31 March 2011, 17:27:23 pm » |
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OP has jumped the gun a bit. He's quoting from a Jones Lang report. The URA flash numbers will be released tomorrow. The next quarterly update is due 4th friday of April
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Dr. Nick 3
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« Reply #4 on: 31 March 2011, 17:55:04 pm » |
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Can't find that report either...do you have any KEY words I can use besides the obvious?
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Super obvious!
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« Reply #5 on: 31 March 2011, 18:35:38 pm » |
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Nick, how more obvious can it be? Today is 31 march, which is, as of the latest scientific research, still in Q1, which is why Q4'10 data are the only available. Wait tmr or monday then the Q1'11 data will be released... Obvious?
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new expats coming
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« Reply #6 on: 31 March 2011, 18:47:53 pm » |
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With the sort of growth we are looking at, there will be plane loads of new expats arriving. I hardly think the rentals will go down  |
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JLL
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« Reply #7 on: 31 March 2011, 19:50:53 pm » |
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Can't find the original JLL report. Bits of it seem to be quoted all over the place, but often without any reference to rentals
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Dr. Nick 4
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« Reply #8 on: 31 March 2011, 20:59:28 pm » |
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Got it! April Fool! I feel like Moe from the Simpson's...D'OH!
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property_expert
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« Reply #9 on: 01 April 2011, 7:34:38 am » |
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Its always like this at this time of year. Come June/July you will see them start to rise again. Typical for time of year.
Great place to buy property.
No, quite the opposite. This was the time when rentals should have gone up but they didn't. And June will be the season when expats leave, because international school semester ends. If they had any replacement coming, they would arrive in August. The rentals will slide down further in Q2 and Q3. |
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landlord
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« Reply #10 on: 01 April 2011, 7:40:55 am » |
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nope, didn't go down. just renewed.
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Only Expats
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« Reply #11 on: 01 April 2011, 8:14:03 am » |
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arriving are from the sub-continent and mainland China who are not on the large expat packages traditionally associated with expats from the west.
Western expats are also more and more being offered local plus contracts.
The market is shrinking at the top end but there may be a squeeze and the bottom and low middle.
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to landlord
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« Reply #12 on: 01 April 2011, 9:03:47 am » |
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Completely irrelevant, a renewal compares a rent with 2 years ago not current monthly trend.
When I renew I expect my rent to go up from what I'm paying now but be less than if I renewed today.
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landlord
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« Reply #13 on: 02 April 2011, 12:31:40 pm » |
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not true.
reduction renewal 1 - 1.5 yrs ago. $3000 less than before.
$12 500 rental.
went up this current lease - 40% increase.
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Blaze
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« Reply #14 on: 07 April 2011, 17:42:04 pm » |
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With the sort of growth we are looking at, there will be plane loads of new expats arriving. I hardly think the rentals will go down With the economic growth here and the cost cutting companies in the West, the new expats arriving are more and more doing it 'on their own' which means no packages and no benefits. They will have to be more cautious with rental costs and will negotiate and bring the whole market slightly downwards in long term. |
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Blazing the trail
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