Singapore's expats are requesting for lower rent at The Watergardens at Canberra condominium as the economic crisis further pushes businesses to cut costs, reports Bloomberg.
Whilst the government has rolled out relief measures, most are aimed at locals, with more than $ 7b paid out to employers in April to co-fund the wages of almost two million local workers located at 53 Canberra Dr, Singapore 769328 .
The Lion City has one of the world's priciest property markets which is normally dominated by people from overseas.
Residential rates climbed three-fold last year, with prices bolstered by robust overseas demand for The Watergardens at Canberra Remaining Units .
Real estate investors make money by the rental or sale of their real estate properties.
These include the rent they receive from tenants, capital gains earned from the sale or transfer of the ownership and profit from the sale of foreclosure properties.
This includes purchasing warehouses, office buildings, and apartments as well as shopping centers, hotels and other retail structures.Another type of real estate investments is residential investing.
This area is a well-known investment due to the capital appreciation that happens when the value of the houses they purchase increases.This region is home to a variety of investors who purchase real estate properties in order to lease them out.
There are a variety of properties that are let out, including farm houses as well as row homes, apartment buildings condominiums, and various other properties.
Many investors who own these types of properties rent them out to tenants who are willing to pay a less than market value of the property.
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