Singapore Rental

Rentals for private residential homes expected to slide further

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 falls below 4%

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...

Private condo rentals fall to 2-year low: SRX

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...

Private home rental market may face slowdown in 2014, say analysts

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...

Leasing demand in Singapore rises in Q2

Leasing demand in Singapore is up, despite some curbs on the issuance of employment passes. This is according to property consultancy Savills. Savills said the greater leasing demand is driven by an increasing number of overseas nationals who are here on a short-term project basis of between six months and a year, as well as the rising number of newly-wed couples waiting for their homes to be...

Rental market for private homes may soften: analyst

Landlords of private homes may see the rental market softening when higher property taxes kick in next year, as these investors grapple with higher holding costs. Owning luxury or investment homes will incur higher property taxes starting January 2014. For private homes not occupied by owners, new marginal property tax rates of 12 to 20 per cent will be levied in addition to the current 10 per...

Minimal movement in Singapore rents: Colliers

Rental movements across Singapore’s office, retail, industrial and residential segments are expected to be moderate this year, according to a report by Colliers International. Compared to 2012, rents of Grade A buildings are forecast to decline by five percent in 2013, while capital values could rise by five percent. Rents of luxury non-landed private housing could fall by 10 percent, while capital...

Offset rising rental cost tops SME wish list

Seeking more support to offset rising rental cost takes top spot in the wish list of Singapore companies for the upcoming Budget 2013. This is according to a survey finding by the Institute of Certified Public Accountants of Singapore (ICPAS). While no official date for Singapore Budget has been announced yet, many companies are hoping that the government will hand out some goodies in this year's...

Leasing of private homes to slow in 2013: forecasts

Rentals for private homes may have hit record prices and volume in 2012, but some market experts said the market will be slower in 2013. Median rents as of October 2012 has reached S$3.75 psf, 14.3 per cent higher than the S$3.28 psf in Jan 2011. Commodities trader Pushkar Jamnerkar will be looking to work and live in Singapore with his family for the second time. However, property prices have spiked...

Rental yield falls for non-landed private property

The rental yield for non-landed private property went down by 0.2 percentage points in the last 10 months, compared to the same period last year. According to statistics from the Singapore Real Estate Exchange (SRX), this brings the rental yield to 4.03 per cent. This is even though average rental rose by two per cent in the first 10 months, to reach about S$3.80 per square foot. In October alone, the...

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