also found that half of expatriates surveyed were hit by rental hikes of more than 40 per cent, while about seven in 10 businesses here said they are ready to relocate their staff if no help is offered to manage rising costs.
Some TODAY readers said the hikes were justified as landlords were themselves hit by higher interest rates, and suggested downgrading as an alternative. Others cautioned that an exodus of expatriates would have negative knock-on effects on businesses. Here’s a selection of comments:There was a period where rents were so low that landlords couldn’t even cover their mortgage and management fees with the rentals collected due to the weak market sentiments.
come to choa chu kang Estate lah ..cheaper mah 😀
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