Il court, il court

Il est passé par ici, il repassera par là

How many can afford the rent? December 14, 2010

Filed under: Life In Singapore — ilcourtilcourt @ 12:01

A post from before the crising on why  Singapore psf was too high vs. the number of people who could afford the rent.

A reminder that the Singapore market is not a rental market, but a speculative market: as long as you find someone to buy your hot potato, you’re in luck (one unknown is always whether the PAP will keep potatoes rare and exclusive like deBeers does with its pressured coal).

charging $4,000 per mth for rental, it’s a once in a lifetime chance, it won’t last

via Eight percent per annum: Value investing in Singapore stocks: The Singapore Property Market: Personal Take II.

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