A friend recently moved from one rented home to another. The family of four is still staying in a condominium in the east side of Singapore, but this time a better one – it is newer, bigger, and asking for lower rent too.
According to the latest SRX Rental Market Flash Report, rents for non-landed private rentals in October 2015 has fallen 5.7 percent from a year ago. Overall, rents are down 13.7 percent compared to its peak in January 2013.
How to consider buying or renting?
It is a never-ending debate whether one should buy or rent. It is very much an individual choice.
As I have mentioned in my book No B.S. Guide to Property Investment, the rent or buy decision is often influenced by four factors: age, lifestyle, finances and the property cycle.
Where is the buy-rent breakeven point?
If you are a ......