Category: Singapore Property Market News

Adjusting minimum tenancy rule with early exit clause

  In spite of the indictment of two people in December due to illegal short-term accommodation through Airbnb still, there are property rental agencies offering transient accommodations to residents via an early closing clause over their contracts, announced by Channel News Asia. This was divulged after a certain news agency attempted to rent spaces straight from two rental agency providers. The personnel of the first company responded to the tenant’s request for less than a month of accommodation, said “not a problem” as long as the tenant’s termination form will be signed after his temporary occupancy. The agent of...

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Singapore homes less expensive than those other major markets

JLL reported that one family needs to spare almost 5 years of their income just to buy a  decent regular property in 2016 in contrast to 2010 which is 7.3 years. This is less costly compared to Hong Kong, London, Tokyo and Sydney, where 8.5 to 18.1 are the multiple ranges. Comparably, a record from DBS Equity Research explained that ratio of price to income  around the city-state prevailed fairly stable over past years  approximately from 5.6 to  9.3 ” Utilizing the price-to-income ratio for the HDB five -room occupants as a substitute for upgrader request uncover that the said ratio...

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