Found this article from TODAY newspaper interesting. In the short article, it brings up a few points.
Point 1: Number of international students has increased 25% over the last 4 years.
Significance: Increase in international students = increase in expat families. Singapore remains an attractive location for companies. Additionally, the expats coming over should be relatively high-level for the companies to relocate the entire family. Since companies are unlikely to purchase real estate simply to house their expats, this should continue provide support for the rental market. Continue reading “TODAY article: Rentals go up near international schools”→
Have a read of the article out today in The Straits Times.
In a nutshell, for someone interested in property as an investment, there are 3 main takeaways:
1. Rentals are seasonal. If you’re planning to rent your property out to expats, April and May (or more accurately the couple of months after that) are crucial months;
2. The rental market is still firm for now. However, there seems to be somewhat of a temporary bootstrapping effect, with rents supporting prices and prices supporting rents; and perhaps most importantly
3. Expat packages are waning. Increasingly, expats are now being localised with little or no housing allowances.
You’ll have to draw your own conclusions about what this means for you, but this information certainly helps to steer my investment decisions…