30 Jan '15, 3am

The Agony and Joy of Rental Negotiations, SPW Insights, Singapore Property Guides & Articles - STProperty

In today’s property market, much of the action is in rentals. According to SRX Property, 67.7% of this year’s 84,092 total residential transactions [excluding HDB Build-To-Order (BTO) transactions] has been rentals. Another way of thinking about this is that there have been 56,944 rental negotiations. Uugh. That’s a lot of pain. Think about the unpleasant experience of renewing your rent. First you must haggle with your landlord over whether rental prices are going up or going down. (They are going down. According to SRX Property, HDB rents are off 4.1% since their peak in August 2013. Meanwhile, rents for private rentals are down 9.4% since their peak in January 2013.) Second, you must fight with him or her about the rent for your specific unit. Thanks to technology, getting the facts is quite easy. All you do is calculate your X-Value rental and review rents of similar u...

Full article: http://www.stproperty.sg/articles-property/spw-insights/t...

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