Renting around the university is on the rise, this is a piece of good news to property owners although bad news of the undergrads there. Having spent several years overseas to pursue my degree, I can understand the need to rent a unit or room. In the UK, it is also those properties near the university are hot properties that rarely goes empty. It’s back to the same old talk about buying into location, location and location. This applies to locate near universities with reasonable selling price as that affects the ROI. Now in Singapore 2nd properties onward comes with ABSD and overseas comes with several other taxes and expenses over the time.
Housing accommodation relief for Singapore university students (without the noise)
Case-in-point. Recently a survey by HSBC caused quite a stir in the media when it reported that Singapore is the second most-expensive city for foreign undergraduates. This survey led some to conclude that Singapore’s losing its allure as an education hub. Read more…
Image from SRX.com