Rents falling first time in 3 years

[Going down]

What about RBS and CitiBank... They are retrenching thousands, is Singapore also affected?

Singapore is also affected... Citi rentrenched 40 people last week and selectively more coming.

[Landlord]

Its on the up.  Think about it - small island (hello )lack of space, lots of new professional migrants arriving daily, booming economy.  It follows that the property market here is always a good thing to buy into.  Doesnt really matter what the stupid stock market is doing - people need a place to live.

You are so right, small island and limited place, everyone should pay all their money to their landlord and beg for the food to feed their family.

Think about it, small island, lack of space. you are lucky to have a place to live in.

[In the know]

Rental rates will tank the next two years. The supply in the pipeline 70.000 units to TOP during next 3 years, a huge increase to the annual average of 10.000 units. Last week the government released plots for yet another 14.000 units.

StanChart already estimated in October rentals coming down 30 per cent but now even that starts to seem too positive. Soon landlords are lucky to get anyone to cover the management fees and property tax.