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Subscribe to this list via RSS Blog posts tagged in Private Residential Rental Index

URA- Release of 1st Quarter 2015 real estate statistics

Posted by Property Launch Invest on Sunday, 26 April 2015 in Property News

The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 20151.

PRIVATE RESIDENTIAL PROPERTIES

Private residential market at a glance (excluding ECs):

Rents squeezed by new demand-supply scenarios

Posted by Property Launch Invest on Sunday, 30 November 2014 in Property News

RENTALS for private condos, apartments as well as HDB flats continued to come under pressure in October, latest SRX flash estimates show.

Market watchers blame this on the tightened inflow of foreign talent crimping leasing demand on the one hand and a ramp-up in private home completions. Moreover, HDB upgraders are choosing to put their flats up for rent after they have moved into their new private condos given current weak buying demand for HDB resale flats due to the 30 per cent mortgage service ratio cap.

Rents in affluent areas suffer from outward migration

Posted by Property Launch Invest on Sunday, 04 May 2014 in Property News

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 high-end areas such as Orchard, River Valley, Bukit Timah, Holland Road, Harbourfront and Sentosa Cove. In contrast, rents in the Rest of Central Region (RCR), or city fringes, and the Outside Core Region (OCR), or suburbs, have exceeded their pre-crisis price peaks by more than 8 per cent.

Surge in new homes "will push rents, prices down"

Posted by Property Launch Invest on Saturday, 16 November 2013 in Property News

A RECORD surge in the supply of new homes is likely to trigger a drop in rents and prices by up to 15 per cent between now and 2016 amid tepid population growth, a report warned yesterday.

A total of 100,000 new private non-landed homes and 123,000 Housing Board homes are expected to be completed by 2017, said research house Religare.

This translates to a 7 to 8 per cent expansion in the yearly supply of new non-landed homes.