Rental prices for Housing and Development Board (HDB) flats fell 0.5 per cent in January from the previous month, while rents for private homes rose 0.2 per cent, according to SRX Property. Four-room, five-room and executive flats saw rental prices fall 1.3 per cent, 0.3 per cent and 1.6 per cent, respectively. Three-room flats, however, bucked the trend with rents rising by 0.3 per cent. On-year,...
Singapore Rental Market
Rental prices for Housing and Development Board (HDB) flats and non-landed private residential units both dipped in October, compared to the month before, according to flash estimates from SRX Property. For HDB rental market, rents slid 0.5 per cent on-month. The dip in prices was experienced by 4-room (0.8 per cent), 5-room (0.2 per cent) and Executive flats (1.4 per cent), but rental prices for 3-room...
As the housing market moves into the peak rental season, the Core Central Region (CCR) continues to struggle to regain the rents it commanded before the global financial crisis. According to the Singapore Real Estate Exchange’s (SRX) Rental Price Index for non-landed private homes, rents in the CCR are now down 1.9 per cent from their pre-crisis peak. The CCR consists of the city centre including...
Some analysts expect rentals of private homes in Singapore to fall for the second straight quarter ending in March this year, as a higher supply of new projects is expected to come on stream. Chesterton Singapore estimates that overall rentals could fall by 0.5 to 1 per cent in the first quarter. This comes after rentals slipped 0.5 per cent in the last quarter of 2013, the first decline in four...
More comprehensive rental data will be made available to the public later this year, according to Minister of State for Trade and Industry Teo Ser Luck. Speaking in Parliament during the Committee of Supply debate on Thursday, Mr Teo said small and medium enterprises (SMEs) have given feedback that they face significant rental spikes when their tenancies are renewed. Mr Teo said: "To help businesses...
It's now easier for tenants to negotiate rentals for private residential homes as some landlords have become increasingly concerned about the impact of looming supply of rental units, according to some property agents. SLP International Property Consultants said average rentals have fallen by 1 per cent in recent months, as they foresee more downside this year. A total of 19,907 private residential...
Rental yield for non-landed private homes fell below four per cent in 2013, according to figures from the Singapore Real Estate Exchange (SRX). The median gross rental yield for non-landed private residential properties dropped from 4.2 per cent in 2012 to 3.9 per cent last year. SRX said 4 per cent represents a psychological barrier when it comes to rental yields for investors seeking income from...
Rents for non-landed private housing in Singapore continued to slide last month to their lowest level in two years, and landlords may find it increasingly difficult to secure tenants, with more supply entering the market in the coming months, analysts said. Rents for condominiums fell 1.3 per cent last month, the fifth straight monthly decline, to their lowest level since December 2011, a preliminary...
The private home rental market is expected to face headwinds in the year ahead, given the large supply of new homes and slower demand due to tighter foreign worker policies. Analysts say rentals, as measured by the Urban Redevelopment Authority’s (URA) Private Residential Rental Index, may plateau and even fall in 2014 - potentially the first drop in four years. The URA’s Private Residential...
Spanning less than 538 square feet, shoebox units may be the smallest type of condominium units available. However, such units are gaining popularity among property investors -- unit owners are getting better returns by renting out these units compared to rental yields from the larger condos. The supply of condominiums are set to grow in coming months as more of such private homes are being built....