04 Jan '13, 9am

Leasing of private homes to slow in 2013: forecasts

http://www.channelnewsasia.com/stori...245978/1/.html Leasing of private homes to slow in 2013: forecasts By Lynda Hong | Posted: 04 January 2013 1611 hrs SINGAPORE: Rentals for private homes may have hit record prices and volume in 2012, but some market experts said the market will be slower in 2013. Median rents as of October 2012 has reached S$3.75 psf, 14.3 per cent higher than the S$3.28 psf in Jan 2011. Commodities trader Pushkar Jamnerkar will be looking to work and live in Singapore with his family for the second time. However, property prices have spiked since he left for Hong Kong in 2008 As a foreigner, buying a property now would also mean having to pay 10 per cent of the property price for the Additional Buyers' Stamp Duty (ABSD). So renting a unit is an option that the Indian national is not ruling out. Pushkar Jamnerkar, vice-president of Transammonia DMCC, ...

Full article: http://forums.condosingapore.com/showthread.php?p=351636#...

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