Horror stories surrounding surging rental prices in Singapore are becoming the talk of the town this year and this tenant’s experience just proved them right.
TikTok user Sal (@salshoult) on Tuesday posted her frustration with her landlord who increased her rent by 75% and told her that it was actually a discount since he would rent it on the open market at a 100% increased rate if she did not renew.
“We’ve just been informed by our landlord that he’s only going to increase our rent by 75%, *scoffs* great news!” said sarcastically.
“I’m reliably informed that it is an excellent deal because if we choose not to accept, he’s going to put it onto the open market at a 100% increased rate, uh so really he’s giving us a 25% discount … so generous of him!” she added.
@salshoult It’s my turn to feel the burn of the SG rental market! #sgexpats #sgrent ♬ original sound – Sal
And yes, she will be “moving out,” she said.
In the comments, Sal explained that the landlord told her she was getting the discount for being a “good tenant”, noting that she had lived in the house for four years, never missed a single rent payment, kept the house in “good condition” and was a low maintenance tenant.
“It was the “but you’re getting a discount for being a good tenant” that was the real kicker. What a guy,” she wrote.
Commenters called the insane hike “disgusting” and said that it was a “day light robbery.”
According to reports, the surge in rental prices recently has forced some working in Singapore to move back home.
Channel News Asia reported at least a 21% increase in all neighborhoods for 4-room flats throughout 2022.
The Urban Renewal Authority also recorded a 29.7% increase in Singapore’s average monthly rent in the central region last December.
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