Sunday, 20 November 2022

Crazy Rentals!


I couldn't believe it when my relative shared his neighbour is renting out their whole 4 room HDB flat out for $5,200 per month!?

OK, its Queenstown, but still...

Can't you rent a decent condo for $5,200 per month in Queenstown???

It's rented out to 3 Mainland Chinese who are sharing the flat together. Power!

Either the view of the flat is super breathtaking, or maybe the flat is renovated like a palace?

I tell you, if this keeps up, next we would be reading about million-dollar HDB 4 room flats soon!


  1. Crazy liao! Wait for Oppo to kpkb high rental will lead to sky high BTO!

    1. CW,

      What's good for landlords is pain to tenants.

      To the average Pioneer and Merdeka Singaporean, their flats are their main source of retirement funds - hence big daddy's sell/downgrade or lease buyback schemes to monetise their flats for retirement.

      Renting out a room or two is part of big daddy's retirement strategy for those who don't want to sell or move.

      The above schemes only work when its CPF poor, property "rich" for old fogeys.

      I'm watching with interest whether big daddy can steer youths to be CPF "rich" and less property "focused".

      It's my job as speculator to profit from the unintended consequences of big daddy decisions. Wink.

  2. Replies
    1. Small Time Investor,

      Yup, commissions in how many months of rentals or percentage of transacted prices, work best with higher prices!

      Better make hay when the sun shines.

      The cure for high prices is high prices.

      That's why I very impressed with those property owners who are selling.

      Be it pure dumb luck or great market timing skill, I'm of the opinion selling now is like selling Bitcoins at above $60K?

  3. Replies
    1. Spur,

      I am.

      Vested interest as I need to "market time" in 10 years.

      I rather we boil frog slowing with gentle price appreciation to avoid big daddy's attention.

      At this pace, we are just begging for big daddy's intervention again...


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