Yesterday, The Star had an expert saying "above market rent" and today a mortgage broker is acting like new builds doesn't affect the price of old homes.
You can't build more old homes. But, if you build new homes, the people who buy them don't move into old homes, reducing demand and lower prices.
You can't build more old homes. But, if you build new homes, the people who buy them don't move into old homes, reducing demand and lower prices.
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Who was the above market rent expert
Above market rent wasn't a direct quote so it's possible that this was The Star shortening what was said and not the expert using the phrase (hopefully).
BUT some projects are being converted to rentals because government policies lowered rental build costs.