HOME ownership may be the ultimate dream for some or a given for others.
As far as aspirations go, it certainly ranks highly in Singapore, but unless you have wads of cash lying idle, the question of whether to buy a home, as opposed to renting one, should still be carefully deliberated.
There are financial [...]
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The boomtime in Singapore’s property market is hitting one group of house-hunters hard: singles.
Across the private market, property agents said prices in the past three months have gone up by as much as 40 per cent, with rents at some locations even doubling.
These singles, usually professionals in their 20s to 40s, now face the prospect [...]
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When technician Paul Tan wanted to renew the lease for his three-room flat in Tampines, not only did his landlord increase his monthly rental by $100, he also shortened his contract to a one-year term.
The usual three-year option, which tenants used to get, is a thing of the past, the 50-year-old was told. ‘Of course [...]
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Rising rents and housing costs are becoming more of a worry for senior executives at United States firms here, a new American Chamber of Commerce (AmCham) survey found.
And as local property prices and rentals rise in both residential and office markets, these American executives are increasingly expressing their dissatisfaction.
Amcham’s annual Asean Business Outlook survey found [...]
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DEAL NO DEAL DEAL NO DEAL (Property sellers keep changing minds as they hold out for more cash)
He was all set to rent a unit in a condominium in the east.
And had already agreed on the rental amount set by the owner.
Then the owner changed his mind and wanted to sell it instead.
IT consultant Ryan [...]
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Rents of private homes are rising so fast that some expatriates are being forced out of prime areas, sometimes into HDB flats, while others are choosing to buy instead.
Expats have been complaining about soaring rents since late last year, with some facing rises of 50 to 100 per cent or more when their leases come [...]
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Renting a home is becoming near impossible for many expatriates.
Spikes in property rentals - especially for government housing - have mostly affected those who do not receive housing allowance and generally make less than $5,000 a month.
It does not seem to matter if units are in far-flung locations, nowhere near amenities, and far from MRT [...]
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Home rents in Singapore have become the 15th most expensive in the world and the eighth highest in Asia.
This is due to a 15 per cent jump in rents here last year over 2005, according to a survey done by human resources research firm ECA International.
In 2005, Singapore was ranked 18th in the world and [...]
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Rental rates for luxury homes in Singapore have outstripped those in Hong Kong for the first time.
This is according to corporate leasing agents Savills.
And it says this is due largely to the short supply of rental units in the prime residential districts amid the recent spate of en bloc sales in Singapore.
Savills also notes [...]
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This may signal expats, PRs opting to buy instead of rent: Savills
The number of new residential leases have fallen by 50 per cent in the first quarter of 2007 to 4,493, compared to Q1 2006, posing a bit of a conundrum in an otherwise buoyant property market.
Data from Savills Singapore also reveal that vacancies have [...]
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