{"id":107168,"date":"2019-05-16T11:29:19","date_gmt":"2019-05-16T04:29:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-rents-continue-to-rise\/"},"modified":"2019-05-16T13:03:23","modified_gmt":"2019-05-16T06:03:23","slug":"singapore-property-rents-continue-to-rise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-rents-continue-to-rise\/","title":{"rendered":"Singapore property rents continue to rise"},"content":{"rendered":"


\nRental demand in Singapore is also expected to remain robust as more expats renew or sign contracts.
\nRents for condominiums across Singapore rose 2.4 percent year-on-year and 0.6 percent month-on-month, with the Core Central Region (CCR) recording the highest increase at 2.8 percent, reported Singapore Business Review.
\nRents in the Outside Central Region (OCR) and Rest of Central Region (RCR) rose by 2.0 percent and 2.3 percent year-on-year respectively.
\nLooking for a rental property in Singapore?\u00a0Find an agent\u00a0to take the hassle out of your home search.\u00a0
\nOrangeTee & Tie head of research and consultancy Christine Sun revealed that rents have been on the rise since October last year and have grown 3.8 percent from October to April this year.
\n\u201cThe increasing rental prices at CCR could be attributed to the limited supply of completed luxury homes and demolition of collective sales sites to make way for newer homes,\u201d she noted.
\nRental volume decreased 3.6 percent year-on-year in April as rents slowly increased, with around 4,790 units rented in comparison to the 5,157 units rented a year ago.
\nOn a month-on-month basis, rental volume dropped five percent from the 5,299 units rented out in March.
\nDespite this, Sun shared that rental demand is expected to remain robust as the second and third quarters see more expats renewing or signing contracts.
\nShe has also observed that lately, there has been an increase in the number of tenants coming from the finance, medical, IT and MICE industries, including those employed in fintech companies, pharmaceutical firms, tech startups, hotels and cruises.
\nOn the other hand, HDB rents rose by 0.3 percent year-on-year in April, which is down 15.1 percent compared to August 2013.
\nHDB rentals in mature estates grew by 0.6 percent while those for non-mature estates decreased by 0.1 percent year-on-year.
\nMeanwhile, the HDB rental volume fell 11.4 percent year-on-year, with around 2,006 units rented in April compared to 2,264 in 2018.
\n\u201cThe increasing supply of HDB flats reaching their five-year occupation period may place some downward pressure in HDB rents,\u201d said Sun.
\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…Singapore property rents continue to rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rental demand in Singapore is also expected to remain robust as more expats renew or...<\/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-107168","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-rSw","jetpack-related-posts":[{"id":31967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-fall-since-2009\/","url_meta":{"origin":107168,"position":0},"title":"Private home prices see biggest fall since 2009","date":"October 28, 2016","format":false,"excerpt":"\r Private residential property prices drop more than expected. Prices of private homes in Singapore fell 1.5 percent in the third quarter of 2016 after declining 0.4 percent in the previous quarter, marking the largest quarterly fall in prices since Q2 2009, according to latest data from the Urban Redevelopment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-quarterly-fall-since-2009\/","url_meta":{"origin":107168,"position":1},"title":"Private home prices see biggest quarterly fall since 2009","date":"October 28, 2016","format":false,"excerpt":"\r Private residential property prices drop more than expected. Prices of private homes in Singapore fell 1.5 percent in the third quarter of 2016 after declining 0.4 percent in the previous quarter, marking the largest quarterly fall in prices since Q2 2009, according to latest data from the Urban Redevelopment\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":107168,"position":2},"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":104989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expat-rents-continue-to-drop-in-singapore\/","url_meta":{"origin":107168,"position":3},"title":"Expat rents continue to drop in Singapore","date":"March 14, 2019","format":false,"excerpt":"\r A new study shows that rental prices in Singapore are now on average US$500 cheaper per month than in 2016. Despite the continuous drop in rental prices for expatriates, Singapore remains in the top 10 most expensive locations for expatriate rents in Asia as it occupies eighth place, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-house-sells-57-of-units-during-launch-weekend-rainwater-leak-costs-condo-owner-60000-and-more\/","url_meta":{"origin":107168,"position":4},"title":"Watten House Sells 57% of Units During Launch Weekend, Rainwater Leak Costs Condo Owner $60,000, and More","date":"November 20, 2023","format":false,"excerpt":"\r Watten House Sells 57% of Units During Launch Weekend, Rainwater Leak Costs Condo Owner $60,000, and More15 to 20 November 2023 Watten House, UOL Group and Singapore Land Group\u2019s (SingLand) freehold condominium project in District 10, sold 57% or 102 of its 180 units during its private preview on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/11\/watten-house-condo-singapore1-2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":140466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siblings-file-lawsuit-over-mothers-assets-orchard-road-rents-to-increase-by-up-to-6-and-more\/","url_meta":{"origin":107168,"position":5},"title":"Siblings File Lawsuit Over Mother's Assets, Orchard Road Rents to Increase By Up to 6%, and More","date":"November 27, 2023","format":false,"excerpt":"\r Siblings File Lawsuit Over Mother's Assets, Orchard Road Rents to Increase By Up to 6%, and More21 to 27 November 2023 The lease on the land presently occupied by Raffles Town Club will not be renewed once it ends on 17 October 2026. Meanwhile, residents of Dairy Farm Residences\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/11\/68784216_s-Cropped.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107168"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107168"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}