11 Oct '17, 4pm

@SGPropertyGuru, Try renting a decent flat in #Singapore for anything close to #HongKong prices stated in the story:

“Rentals are increasing but at the same time, prices are also going up,” says Thomas Lam, head of valuation at Knight Frank. It’s now harder to rent an apartment for less than HK$10,000 (S$1,742) per month in Hong Kong’s two urban areas as such flats are nearly no longer available there, reported the South China Morning Post , citing a new study by Centaline Property Agency. The city areas refer to Kowloon and Hong Kong Island, but subdivided flats were excluded in the research. Centaline also revealed that the supply of small flats that can be leased for under HK$15,000 (S$2,607) is also quickly dwindling in these two sub-markets. In Hong Kong Island, there are no flats in large estates with rental prices below HK$15,000 per month, as affordable options are all located in pencil-style towers. As of Q3 2017, the percentage of private units measuring under 430 sq ft in this...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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