Many retirees I know depend on rental income (room rentals or whole unit) for their retirement. We must ensure we bring in more FTs to support our retirees. We need to speed up the inflow of high paying FTs to support the rental market. Perhaps increase again the ABSD for PRs and foreigners in their first property purchase here, so that they don't buy but instead rent here. Our poorly crafted policy to flood the market with oversupply of properties is likely to make our retirees suffer. We need to urgently solve our property oversupply problem, or else prices and rents will crash.
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Originally Posted by whizzard
It is scary to read that so many depend so strongly on the rental of their property(ies) for their livelihood during retirement.
Should anything adverse happen to the property market, how would such people survive if they are over-reliant on property for their income?
Low vacancies and strong rentals are not a given and should not be assumed to be a given.
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