With Singapore private property rental prices island-wide still showing declines during the first quarter of 2017, according to recently published data, it’s important for landlords to save money when searching for tenants and ensure their property is not left empty.
Martin Phillips, the founder and Chief Executive Officer of the innovative www.rentals.sg website, believes that the market ha...Read more
Buying property to let
If you are currently searching for the perfect buy-to-let investment property here in Singapore, or indeed anywhere, here are some things to consider before you put pen to paper.
One of the most valuable keys to unlocking the door to a good property investment is buying in the right location. Location is important for various reasons. As well as...Read more
At www.rentals.sg we’ve been saying this for a long time, and now a respected American real estate industry website has said that real estate agents need to “adapt or die … now”.
In Singapore, it’s debatable just how much value a real estate agent can bring to a rental transaction. They may lack local knowledge or the ability to rent your home better than you, yet you could still...
Singapore has dropped out of the top twenty rankings of an annual Cost of Living survey for expatriates for the first time, possibly indicating that the city-state will be on the rental radar again for companies and their employees seeking a cost-effective base in Asia.
Hong Kong was ranked as the world’s second-most expensive location in the survey – its highest position since the ECA’s ra...Read more
This week’s merger between PropNex Realty and Dennis Wee Group to create the largest real estate agency in Singapore may not be good news for Singapore landlords, and here’s why.
The mammoth agency, which will boast almost 7,000 agents, will undoubtedly use its size and pressure to obtain more business – meaning Singapore landlords possibly paying more commissions for their rental deals.... Read more
Five reasons you don’t need an agent when renting in Singapore
Prompted by an article titled ‘Top 5 reasons to use a property agent when buying a home in Singapore’ published by Yahoo! Finance earlier this week, we at RENTALS.SG want to tell you five reasons why you do not need to use a real estate agent when renting property in Singapore.
Do it yourself
It’s entirely possible for a Si...Read more
RENTALSG: From May 15 2017, private residential rental properties may only be leased to a maximum of six unrelated persons (down from the current maximum od 8 persons) according to the Urban Redevelopment Authority (URA). The changes were passed in parliament in February. Existing tenancy agreements with a cap of eight tenants will be grandfathered until May 15, 2019. landlords who fail to comp...Read more
While the prices of Housing and Development Board (HDB) flats slipped by 0.5 per cent in the first quarter of 2017 compared last quarter of 2016, the HDB rental market saw a slide in applications approved.
The number of applications for subletting saw a substantial drop of 6.5% between quarters to 9,981 in Q1 17.
Figures show that as on the end of March 2017, 53,360 HDB flats were sublet,...Read more
At RENTALS.SG, unlike a number of industry experts, we have not been calling a bottom to the market and for many logocal reasons. At best, the market may stabilize in 2017. Certainly, there is no trend to a bottoming or a solid set of improved indicators across the board. The rest is merely conjecture and talking up the market in an attempt to install confidence.
Our resolve has been reinfor...Read more
According to data released on Monday (24/4/17), inflation came in below expectation as Singapore residential rents continued to fall. First quarter inflation was 0.6% and residential rentals fell 0.4% percent on the month, continuing a downward spiral. Earlier quarters had tumbled by 1.2% in Q3 16 and a further 1% in Q 416.Read more