{"id":103911,"date":"2019-02-12T11:42:39","date_gmt":"2019-02-12T04:42:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-condo-rents-may-grow-by-2-in-2019\/"},"modified":"2019-02-12T12:02:52","modified_gmt":"2019-02-12T05:02:52","slug":"private-condo-rents-may-grow-by-2-in-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-condo-rents-may-grow-by-2-in-2019\/","title":{"rendered":"Private condo rents may grow by 2% in 2019"},"content":{"rendered":"


\nLeasing trends appear to be positive given the falling vacancy rate and growing rents, according to a report.
\nRents of private condominium units in Singapore are expected to increase by 2.0 percent by end-2019, reported Singapore Business Review citing a Jefferies report.
\nThis comes as the supply of Government Land Sales (GLS) and Build-to-Order (BTO) units remain low.
\nLooking for a rental property in Singapore?\u00a0Find an agent\u00a0to take the hassle out of your home search.\u00a0
\nIn fact, the confirmed supply of 2,025 units for the first half 2019 GLS is \u201cthe lowest since H1 2016\u201d, said Jefferies. \u201cIf the trend of low GLS supply persists, it may lead to the next wave of en bloc unless developers diversify or consolidate.\u201d
\nLeasing trends within the city-state also appear to be positive given the falling vacancy rate and growing rents, added the firm.
\nIt revealed that private leasing volumes rose 8.0 percent annually since 2013, exceeding the rise in resident population (0.8 percent), foreign population (1.6 percent) and private residential stock annual growth (5.0 percent).
\n\u201cPerhaps it is a combination of shortening of lease tenor, leasing of rooms versus homes and less owner-occupancy,\u201d explained Jefferies.
\nMeanwhile, the firm expects prices of private condominiums to remain flattish this year, with improving yields due to rising rents.
\nCheck out PropertyGuru\u2019s\u00a0properties for rent!\u00a0Alternately, refer to our other\u00a0handy rental guides,\u00a0or read more about\u00a0the hottest areas to live in with PropertyGuru\u2019s AreaInsider
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private condo rents may grow by 2% in 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leasing trends appear to be positive given the falling vacancy rate and growing rents, according...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103911","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r1Z","jetpack-related-posts":[{"id":76090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-unsold-units-at-seven-year-low-in-q3-2017\/","url_meta":{"origin":103911,"position":0},"title":"Singapore\u2019s unsold units at seven-year low in Q3 2017","date":"January 9, 2018","format":false,"excerpt":"\r With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a seven-year low at 16,031 units during the third quarter of 2017, reported Singapore Business Review citing Jefferies Singapore Limited. Total transactions volumes, on the other hand, rose 54 percent year-on-year in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/promising-outlook-for-private-residential-leasing-market\/","url_meta":{"origin":103911,"position":1},"title":"Promising outlook for private residential leasing market","date":"December 26, 2018","format":false,"excerpt":"\r \u00a0 Despite the softening demand from expatriates, the private residential leasing market\u2019s outlook appears to be promising in 2019, with occupancy rates and rents expected to improve, reported the Business Times. This comes on the back of easing supply as well as demand from displaced owners of en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-rents-to-face-downward-pressure-in-the-coming-months\/","url_meta":{"origin":103911,"position":2},"title":"Residential rents to face downward pressure in the coming months","date":"August 4, 2020","format":false,"excerpt":"\r Leasing demand will likely weaken given that the ongoing economic slowdown\u00a0and\u00a0border control measures are reducing the pool of limited tenants within the market. Residential rents in Singapore are expected to continue facing downward pressure over the coming months, reported Singapore Business Review citing JLL. 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