Developers are becoming landlords in current soft market.
Vacant apartments are leased out to generate some income, instead of tearing down the enbloc estate to build new ones. Some enbloc owners benefited from such an arrangement, as they will have more time to find their next dream houses. Tenancy, however, is short term and renewable on monthly basis.
Lincoln Lodge: $2.7k - $4.5k, various sizes
Leedon Heights: $2.85k for 3BR
Sophia Court: $800 - $4k, various sizes
* ST-Landlords *
Wednesday, June 4, 2008
Developers --> Landlords
Labels:
En-bloc,
Rental,
Residential,
Singapore,
Supply
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