Asked by Debasish Sarkar
I am an expat recently moved to Singapore and am looking for an apartment to stay on rent.
On my house hunting expeditions I came to understand that the rental prices in Singapore are unjustified - in fact Agents are themselves not aware of where they are taking customers to. Having a reasonable budget is considered bad and not fit to business with. I hope the Singapore Agencies are pushing up rental prices as well as property prices creating a bad image and worse an unstable market. Having knowledge of the Hong Kong Market, I see similarities which may lead to major malfunctions in this industry in Singapore. Is anybody monitoring this ?
On my house hunting expeditions I came to understand that the rental prices in Singapore are unjustified - in fact Agents are themselves not aware of where they are taking customers to. Having a reasonable budget is considered bad and not fit to business with. I hope the Singapore Agencies are pushing up rental prices as well as property prices creating a bad image and worse an unstable market. Having knowledge of the Hong Kong Market, I see similarities which may lead to major malfunctions in this industry in Singapore. Is anybody monitoring this ?
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