Comments on Aussie Pete: Foreigners Living In Singapore Want To Beat The 'K...

Holy Crap ! $3500 in Woodlands ?? good god ! you g...

2008-07-06T04:46:03.373-07:00

Holy Crap ! $3500 in Woodlands ?? good god ! you guys are seriously ripped off ! However rental rates for the past years had been lower than what owners could have got from the fixed deposits. Don't know about now though...

Hi mate, I didn't actually write too much about th...

2008-07-04T23:17:34.095-07:00

Hi mate, I didn't actually write too much about the situation when we renewed our lease - our landlords (PRs from China), are doing some illegal things when it comes to their property ownership in SG.

We only recently discovered this. On top of this, when it was time to renew, they expolited the market increase by increasing our rent by more than the market value. Due to our travel and other commitments, we were not in a position to move home at that time - we were just to busy, and they knew this.

We did negotiate somewhat, but we are still today paying around 1/3 higher than any of the other tenants in our block.

The way they have conducted business is downright greed driven, and I will in no way go back on my comment. You show me anyone else in Woodlands paying around $3500 for month on a 3-room apartment.

I agree on your synopsis on foreign property investment. It supports my article - however the reason behind the rental increase has nothing to do with my landlords' greed.

I don't know Pete, let me explain. I was talking ...

2008-07-04T18:28:33.649-07:00

I don't know Pete, let me explain. I was talking to a banker recently. According to the banker, the housing loans are down rather than up when it should be up due to demand and such. The recent shortage of apartments is due to foreigners buying up most of the high-end units leading to such this state of affairs. Yes, the market price increase was due to foreigners too though local speculators did play a part. The rental part was affected by the en-bloc sales when people buy heavily leading to a shortage of available units, thus. Quoting you, 'I HOPE IT SENDS MY CURRENT LANDLORD BROKE - GREEDY PEOPLE!!!' I think you are barking up the wrong tree here. I doubt if you can blame the market on landlords when the causes are foreign in origin.