Rental

Singapore condo rents slip 0.4% in September; HDB rents drop 0.5%: SRX

The sluggish rental market for both private and HDB properties is showing no signs of improving, going by flash data from real estate portal SRX on Wednesday. Rents for condominiums and private apartments in September dipped by 0.4 per cent from the previous month. They were unchanged in August, from an earlier SRX estimate of a 0.1 per cent dip. After falling quite far from their peak and then...

Singapore condo rents fall 0.1% in August from July; HDB rents rise 0.1%: SRX

The lacklustre rental market for both private and HDB properties dragged on for another month, going by data from real estate portal SRX on Wednesday. Rents for condominiums and private apartments in August dipped by 0.1 per cent from July, after being unchanged since May. This brings private rents back to year-ago levels, that is August 2017. Private property rents are also now down by 19.1 per cent...

Singapore private home rents steady; boost expected from curbs, en-bloc sales

Rentals for condominiums and private apartments continued to stabilize in July while the more volatile rents for HDB flats reversed direction and rose, with both markets enjoying a pickup in activity, according to SRX yesterday. Flash estimates from SRX real estate portal show rents for non-landed private homes saw no month-on-month change in July after inching down 0.1 per cent in June. Private...

Short-term rentals of private property illegal, but Govt mulling alternatives

The use of private property for accommodation of less than six months was legislated as illegal in Singapore on Monday (Feb 6), making it unlawful for owners to rent out their homes via online homestay networks such as Airbnb and Roomorama. Such short-term rentals of private property were already prohibited under guidelines by the Urban Redevelopment Authority (URA) and those who flout the rules face up...

Shortening minimum stay of private home rentals?

Amendments to the Planning Act will make two practices illegal - that of using private residential properties for rentals of under six months, and housing more than six tenants in each unit. However, the government is looking into shortening the minimum six-month requirement for private housing rentals, and creating a new class of use for private homes so that they can be rented out short-term. The...

Office, retail rents down over 8% in 2016; office vacancies jump to 11.1%: URA

RENTS and prices of commercial space in Singapore fell by a faster clip in 2016 compared to 2015, with office vacancies shooting up to a four-year high since Q1 2012. Latest data from the Urban Redevelopment Authority (URA) released on Thursday showed that rents of office and retail space slipped over 8 per cent in 2016. Office rents slipped for the seventh straight quarter by 1.8 per cent in the...

Private home rental down 6.2% in 2016

RENTALS for private homes are taking a hit over the huge supply of condominiums and apartments available for rent and the business uncertainty among corporates. In December, rents fell by 1.3 per cent from the previous month, going by the SRX Property price index for non-landed private rentals released on Wednesday. This was driven by rental slides in the Core Central Region (city area) and Rest of...

Prime office rents: No reprieve in sight for 2017

The "flight-to-new projects" - a term used by the office leasing sector to describe the trend of tenants swarming into swanky new office projects - is set to continue next year as companies capitalise on softening rents to upgrade their working spaces. This merry-go-round, however, is causing pain to landlords of older buildings in the Central Business District (CBD). Based on analysts' projections,...

Rents of private homes slip 0.8%, HDB flats down 0.9% in Nov: SRX

THE residential leasing market remained soft last month, with both private home rents and HDB flat rents continuing their downward drift. Private rents slipped 0.8 per cent in November from a month ago, according to flash estimates by SRX Property. HDB flat rents fell 0.9 per cent during the same period. The rental drag in the private segment came from all regions, with the prime or Core Central...

Non-landed private home rents fell 0.4% m-o-m in Oct; HDB rents down 0.5%

RENTALS for both non-landed private homes and HDB flats continued to ease month-on-month (m-o-m) in October 2016. However, leasing volumes rose in both segments, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.4 per cent in October 2016 over September 2016 after retreating 0.5 per cent m-o-m in September...

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