Friday, September 19, 2008

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Subprime Effect: Rent to Fall as Financial Turmoil worsens

My Paper reported today that the ongoing global financial turmoil is likely to take a toll on the rents for both commercial and residential properties in Singapore, according to property analysts.

Property analysts are yet to assess the impact of the financial turmoil. If the financial turmoil takes a toll on the employment market causing people to lose their jobs and at the same time, foreign senior executives to have to pack for home; then both the Singapore commercial and residential property markets will be impacted.

The first to feel the brunt will be the rental market, said DTZ Tie Leung. ....

Financial Crisis Impact on Singapore Property

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase


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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

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