EZLINK Singapore: [EZLINK] Re: Why there is a Sudden EXPLOSION in HDB rentals rates ????

Thursday, September 21, 2006

[EZLINK] Re: Why there is a Sudden EXPLOSION in HDB rentals rates ????

Hi people,

It is good that we have waken up about this sudden explosion on
rental rates. One of my friend took a 2 room old HDB in Chinese
Garden for $1100. That was ridiculous!!!

I think mailing HDB is of no use, instead we should mail JTC.
Because JTC handles the "Scheme for Housing of Foreign Talent"
(SHiFT) where they are committed to providing housing facilities
for foreigners.

Maybe we should start this ball rolling on letter to editor in
newspaper like Today and ask the relevant authorities to help us out.
Some authority could read that and help us out.

We have come here to earn and save money. We definitely cant spend
40% on rent alone.

Regards,

Sriram.C.S

--- In ezlink@yahoogroups.com, Raja <sekhar08@...> wrote:
>
> Hi,
>
> U R Right. Everywhere the rents has gone up ranging from 100
to 300. Recently I took a flat at sengkang near to LRT. It costing
me 1000 SD. For the same flat earlier the tenant used to give only
SD 600.
>
> From the past three years (till end of 2005), no body is
interested to buy the HDB's. So the government also try to boost up
the market.
>
> the drastic change in the rents is merely because of agents.
Ofcourse the rates has grown up a little bit high. Some people are
blindly taking the houses, what ever the rent the agents are telling.
>
> Hi V SriD,
>
> Ur Idea is good. If we (at least 100 to 200) people send
the mail to the HDB, they may increase the JTC houses or some other
possible alternatives..
>
> Thanks & Regards,
> Raja Sekhar
>
>
> Singa pore <vsdsing@...> wrote:
> Good thought after a long time from someone
>
> The following are my points after making an insight into few areas
here.
>
> 1.Most of the Govt holded HDB's are given to private agents to
market/rent out.
>
> 2.Fortunately or unfortunately expats like us coming here has now
become more, ofcourse although there is equally a reverse trend of
people moving out of Singapore and going back to US/India are there
but the REAL issue is too many people are back of too few "Good"
Units since in most of the areas the Units are quite old and
facilities lack lustre!!
>
> 3. Since most of the expats are ready to pay for good Units, the
trend and ability to pay to agent is grown and also Agents are in
due advantage to make fast buck.
>
> 4.Earlier Sengkang was mostly unknown to many people and also
since many people used to think its very far outside City limits the
rentals were ranging between 700 to 800 ONLY but now Many people
have understood that Sengkang is quite neat area with huge HDB's and
moreover damn new Units so now the rents are soaring to 1000 and
above!! Since expats are rushing to pay more to grab.....ofcourse we
cant blame anyone.
>
> 5.All Factors added Be it what ever the Salaries are not growing
but the rents are burning the pockets.40% of the Salary goes into
Rentals and Agent fee etc.
>
> 6. After paying so much also still there are so many Problems with
either from Owners or Agents.
>
> May be we as a forum need to represent and take this up to HDB to
have a uniform or atleast a standard Rental format in areas
depending on the size of the Unit or Age of the Unit for Expats.
>
> Regards,
>
>
> sm <mavihs@...> wrote:
> Dear mates ,
>
> For the past 6 months , I was observing the HDB Rental rates. This
might
> have really bothered the fellow expats !
> Especially getting an approved 2+1 or 3+1 whole units are becoming
more
> expensive day by day.
>
> Six months back one should be able to get an approved 2+1 unit
around 850
> SGD on a lift floor and near by mrt.
> And for a 3+1 unit it was around 1000 SGD.
>
> We all know that this is not today's situation.Now 3+1 units are
being
> rented out in a condo rates !!!!
> Am just wondering what could be the cause !!
>
> Is there any hike in the real estates anounced by government ???
Or the
> somebody / some group is taking advantage on the demands from
expats.
> It should be noted that still we can get a 2+1 JTC unit aroun 850
SGD.
>
> Any thoughts to share ?????
>
> regards
> sm
>
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>
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