What happen to supply and demand? There are so many vacant properties that the prices should be coming down faster. That is how it works everywhere else. When the prices come down, they will get occupied, there are plenty of people here who would love a place of their own, but just can't afford the (in my honest opinion) artificially high prices. There is no one to blame here, but its time the landlords, corporate or individual, woke up smelt the coffee and realised that the demand is not there at the prices currently set.