tag:blogger.com,1999:blog-8690414355944155867.post506699538562697930..comments2024-03-12T17:17:56.081+08:00Comments on Property Highlights of Singapore: Tenants Leaving With Debt UnsettledRichard Yeohttp://www.blogger.com/profile/05170516896537164284noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8690414355944155867.post-64771302550717315422009-02-13T14:48:00.000+08:002009-02-13T14:48:00.000+08:00In 2007 and 2008 I had a huge challenge finding go...In 2007 and 2008 I had a huge challenge finding good housing at a reasonable cost. Property owners were in some cases doubling the rents they were charging when leases were up for renewal. In my case, for 18 months I had to put up with 2 Karokoe clubs that were open until 3 a.m. and had the music blasting until it was unbearable! When my renewal came up, the landlord increased the rent of my flat by 50%! I chose to leave.. and last I heard.. the flat was empty! The current "free market" scheme doesn't make any sense... Neither does greed!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8690414355944155867.post-66083564823073508362009-02-08T14:48:00.000+08:002009-02-08T14:48:00.000+08:00The trouble is, the landlords bring this upon them...The trouble is, the landlords bring this upon themselves. There have been instances where tenants request the landlord for a lower rent - considering they lose their jobs, etc and esp. when rentals have fallen 40% in places. Landlords do not agree, leaving tenants with no choice but to leave quietly.<BR/><BR/>The tenancy contracts are heavily biased towards the landlords, so its only natural that this is the sort of reaction they'll face. <BR/><BR/>A more humane approach might create some goodwill with the tenants.<BR/><BR/>P.S. If the landlord mentioned that he could re-lease his outlet of 1800 rent for 1600, i think he's very lucky.Anonymousnoreply@blogger.com