The chill spreads in the home rental market

[chialc88]

The chill spreads in the home rental market - ST by Goh Eng Yeow
(extracted)

It took a big fire at Marina Bay Suites to expose the chill in the rental market.

10% occupied despite 90% sold.

So far, the chill appears to be confined to upmarket.

There is a growing fear that the pool of expatriate tenants may start to shrink, as they face difficulties in getting their employment passes.

For landlords caught between getting a sub-par rental and a difficult resale market, getting kicked in the belly, even before the year of the Horse canters in, is painful.

They can't wait for the year to be over.

Love Compassion



A Life not Reflected is a Life not Worth Living.

[pianist]

beg to differ -
1) marina bay suites just gotten top recently, so it can be expected many landlords may still in process of moving in?
2) those who bough mbs units are likely not your 1-5 $million dollar neighbors next door, these are superb multi-millionaires, unlikely that they are hard pressed for expatriate tenants; more likely they can hold the units longer than we can hold our jobs. in fact 10% occupancy in the contrary shows the relaxed indifferent attitude towards the external fear & panic.