House prices in Singapore are insane but the rental is very low in comparison. Our last place, a semi detached house with front and back garden in a good area would cost SG$16M but rent was SG$4900/month. A lot of hot money flowing from all parts of Asia just sitting there. There are places like Sentosa Island where almost every second house has been built and no one has ever moved in. Fixture wires still hanging down, no curtains etc.