lOvE iS In ThE aiR!!!!

Tuesday, February 27, 2007

HDB rental jumps on spillover demand

Trend appears to be island-wide and for all apartment sizes, but resale prices stay flat

By Uma Shankari
Feb 27, 2007
The Business Times
(SINGAPORE) Rents for HDB flats have surged in the past 12 months, driven by spillover demand as rents for private housing have climbed.

Figures compiled by property agency ERA for BT show that public housing resale prices have stayed flat.

But on the rental side it's a different story. Increases range from 8.3 per cent for an executive flat at Jurong East to as much as 44.4 per cent for a four-room flat at Tampines. i feel that the government should do something about it as this will only benefit some group of the people. when this happens this will cause an unbalance consequences. i also feel that this is a great opportunity for people to earn extra bucks form the surge of the property price. this will not only help people to earn money but also help to improve the econmics in singapore.

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