I would suggest you are better to plan how long you want to continue to live in there as every time you renew the contract, they will increase the rent. This is really unacceptable and unrealistic.
I would like to share my experience in here. I renewed my contract in March. At that time, I accepted they increased the rent 20% from 14,000 to 16,800. As I choose a 6 months plan, so it is time to contact them to discuss about the contract renewal recently and they said they increase the rent again with another 20%. Do you think this is reasonable? It is totally unacceptable. Less than a year, but with a 40 increasment.
I asked why they need to increase the rent 20% everytime during the contract renewal. Base on what reasons? The sale can't answer properly.
They make me feel that they are so bad. I choose to live in harbourview at the beginning because I want to use a more reasonable/ budget price to rent a better suite. But now the price grows up to nearly 20k, I can have a lot of choices and no need to live in a place with such a bad management.
Be careful and take care.