Anyone reading this (with a chuckle) would know that even by Nov last year, demand already started to taper off quite sharply. Rather than rightly (and responsibly) suggesting that builders (due to lack of demand) have applied for far fewers loans (instead of the rubbish that they can't get credit despite massive shortage in apartments).
How pathetic. To whitewash the tell-take signs of trouble to come, they instill false confidence to gullible investors (in other words - don't panic sell) that rental yields will go higher.
Going by that logic, I suppose when we get a wholesale collapse in apartment / unit specuation, then rent would double and triple within a year.
