Property Speculation in Singapore

Rental in Singapore is high, especially commercial rental where a shophouse in Chinatown can cost $20,000 a month in rent for ground floor. I remember that the same shophouse which my brother in law owned in 2008 was only collecting $5,000 in rent.

In the malls, the rents are much higher, and strangely there are many empty units, even in new malls like Funan. The landlord would rather leave it empty than…