Average industrial rents island-wide could fall 6-8 per cent year on year in the fourth quarter of 2016, as industrialists take bold consolidation and relocation steps to cope with challenging business conditions, said a Knight Frank report released on Friday. Rentals have fallen 4.4 per cent cumulatively for the first half of this year, according to official data from JTC. Tan Boon Leong, executive...
Rental
A FLIGHT-TO-QUALITY among office occupiers is weighing down on rents and occupancies at older Grade A office buildings, where more space will be freed up as these tenants move into new prime offices. This is giving rise to a "two-tiered performance" in the prime office market, with Grade A offices seeing steeper declines in rents than the so-called "Grade A-plus" offices in the coming quarters. Average...
RENTS for non-landed private homes in Singapore remained on a slide in July, marking a 0.4 per cent decline from a month ago and a 4.8 per cent fall from a year ago. The main drag came from the suburban region or the Outside Central Region (OCR), where rents slipped 1.1 per cent month on month, followed by a 0.7 per cent decline in the Core Central Region (CCR). Meanwhile, rents in the city fringe or...
RENTS for private non-landed homes were flat in June compared to May, while that for public housing flats dipped 0.3 per cent from a month ago, according to SRX Property. Flash estimates from SRX Property showed that rents in the city fringe or Rest of Central Region (RCR) increased by 0.8 per cent in June. But rents in the Core Central Region (CCR) and Outside Central Region (OCR) slipped 0.4 and...
Rental prices for Housing and Development Board (HDB) flats remained flat in May, while those for non-landed private properties decreased by 0.6 per cent compared to April 2016, according to flash estimates by SRX Property. Rental volume increased by 5.8 per cent, with about 4,400 units rented in May - up from 4,158 the previous month. Year-on-year, rental prices for private apartments were down 5.2...
Rental rates for Housing and Development Board (HDB) flats continued their downward trend in April, while those for non-landed private properties remained flat with minor fluctuations outside of the Core Central Region. Overall rental prices for private apartments were constant from March, although private apartment rents in the city fringes increased by 0.1 per cent and they decreased by 0.1 per cent...
Prices and rentals for industrial space in Singapore fell further in the first quarter of 2016, declining by about 5 per cent compared to the same period a year ago, according to figures released by JTC. Occupancy rates fell in tandem during the quarter, declining 0.6 per cent from the previous quarter. The national principal developer and manager of industrial estates said on Thursday (Apr 28) that...
Rental prices for Housing and Development Board (HDB) flats and non-landed private properties continued their downward trend in March, led by private apartments in the city fringes. Rental prices for private apartments fell by 1 per cent in March compared to the previous month. Year-on-year, rents were down 5.3 per cent, according to flash estimates by SRX Property. Private apartments in the city...
Rental prices for Housing and Development Board (HDB) flats and non-landed private properties continued their downward trend in February, led by five-room HDB flats and homes in the city fringes. Rental prices for Housing and Development Board (HDB) flats dipped 0.9 per cent from the previous month in February, according to a local property index. Year-on-year, rental prices for HDB flats in February...
Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell in February 2016, SRX Property's latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis. Based on the flash estimates for last month, SRX Property's overall rental index for non-landed private homes has eased...