Tag: tips for renting out a house

Condo rental softens further, HDB leasing market gains momentum in December: SRX, 99.co, Property

CONDOMINIUM rental prices marked the fifth consecutive month of decline last December, wiping out the growth seen in the first half of 2023. The Housing and Development Board (HDB) rental market, however, continued to register growth in both rents and leasing volumes.

Condo rental prices decreased 0.5 per cent from the previous month, led by rental falls across all the regions, flash data from SRX and 99.co released on Thursday (Jan 18) indicated.

However, the overall condo rents were still 2.6 per cent higher compared with December levels in 2022. Rents in the Outside Central Region (OCR) and Rest of Central Region (RCR) were 4.4 per cent and 2.6 per cent higher respectively. Core Central Region (CCR) rents were 0.9 per cent higher on the year.

Mark Yip, chief executive of Huttons Asia, noted that the decline in private rentals in December was milder than the previous month, which was likely caused by a slight uptick in demand from new hires starting work in the new year.

Eugene Lim, key executive officer of ERA Singapore, noted that landlords will have to bear the brunt of rising annual values and property taxes in 2024, saying: “With interest rates still high currently,

Landlord’s frustration at bad tenants as industry warns against rental caps, freezes

Sandy Dennis is a lifelong Greens voter and environmentalist.

But 30 years as a landlord, 10 of those in Perth, have left her conflicted between the Greens’ tenets of “giving renters a fair go” in “sustainable, quality housing”, and being “burnt” by another bad tenant.

Ms Dennis has gone through five tenants in the past 10 years.

All but one, she said, had either skipped rent, run a methylamphetamine kitchen, failed to clean the house, or left it damaged.

“I had one lady who left the house immaculate, and she was a wonderful tenant but had to go to Queensland,” she said.

“All others have taken off, done a midnight blitz,” she said.

She said they had taken possessions and not left a forwarding address.

“I won’t take anyone who is on social security anymore and I feel bad about that,” she said.

“But four of my tenants have been on social security for one reason or another.

“They have all