![]() The media doesn’t talk about the falling rents and stagnating yields of rental properties from 2015 to 2021. ![]() If you are a mid-level expat and cannot stay in the central district, just move to the heartland where rents are still affordable. They don't know when this increase will last. All that time, landlords had to top up (the difference) from their own pockets… So now when landlords have a chance to earn, of course must earn. There was a period where rents were so low that landlords couldn’t even cover their mortgage and management fees with the rentals collected due to the weak market sentiments. Landlords certainly have not lost out if they choose to rent elsewhere as there are so many applicants for every condo in a popular area that they are able to charge what they want. It still gains from them being employed and sometimes owning a firm in Singapore even if they are not actually here. So basically Singapore hasn't lost out in any way and certainly hasn't lost any money in these scenarios. They also all admitted that their LinkedIn still says Singapore because that is where their clients are and gives them more credibility than any of the aforementioned places would. They were still paid a salary in Singapore and still paid taxes/CPF/corporation tax etc in Singapore as well as GST. The fascinating common thread with them all is that the company that employed them, and in some cases they owned, was still registered in Singapore. ![]() Some owned companies, some were employed. I've had several people reach out to me privately this week and explain why they have moved to Phuket or Bali or Dubai or HoChiMin or Manilla or Penang because they could no longer afford to pay the rent here. "What’s behind sharp hikes in rental hitting expats and what are the implications? TODAY readers weigh in". ![]() Here's some more local voices rather than purely LinkedIn voices giving some different and thought provoking perspectives. Certainly the most talked about polarising posts that I shared this week were about rents in Singapore. ![]()
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