{"id":122249,"date":"2021-09-28T01:36:21","date_gmt":"2021-09-27T18:36:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-leasing-volumes-up-1-1-in-q2\/"},"modified":"2021-09-28T10:27:39","modified_gmt":"2021-09-28T03:27:39","slug":"private-residential-leasing-volumes-up-1-1-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-leasing-volumes-up-1-1-in-q2\/","title":{"rendered":"Private residential leasing volumes up 1.1% in Q2"},"content":{"rendered":"


\nPrivate residential leasing volumes up 1.1% in Q223,893 private residential homes were rented in Q2 2021, resulting in the total leasing volumes in H1 2021 growing 13.9% from the same period in H1 2020.
\nSingapore saw private residential leasing volumes increase 1.1% during the second quarter of 2021, reported Singapore Business Review (SBR).
\nIn Q2 2021, a total of 23,893 private homes were rented, taking the total leasing transactions for the first half of 2021 to 47,515, or up 13.9% from the leasing volume registered over the same period in 2020.
\nSavills attributed the increased leasing volume to various reasons, including the extension of leases by existing tenants as they wait for the completion of their new homes. It noted that the COVID-19 induced lockdowns have resulted in delays in the construction of new homes as well as home renovation works.
\nSavills also pointed to the slower outflow of foreign nationals compared to new arrivals and to millennials deciding to move out of the house of their parents to look for a more work-from-home-friendly environment.
\nMoreover, Singaporeans who were forced to return to the country due to the COVID-19 pandemic also had to rent since they either had no permanent residence within the city-state or their existing home has an ongoing lease, it said.
\nSavills said the growth registered in Q2 reversed the two-quarter drop in the private residential leasing volume.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private residential leasing volumes up 1.1% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private residential leasing volumes up 1.1% in Q223,893 private residential homes were rented in Q2...<\/p>\n","protected":false},"author":1,"featured_media":122250,"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-122249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/condo-singapore.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vNL","jetpack-related-posts":[{"id":118074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-rents-to-face-downward-pressure-in-the-coming-months\/","url_meta":{"origin":122249,"position":0},"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. This comes as leasing demand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/","url_meta":{"origin":122249,"position":1},"title":"Residential sector dominates investment sales for Q2 2021","date":"July 14, 2021","format":false,"excerpt":"\r 7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion. Property investment sales in Singapore increased 15.4% quarter-on-quarter to $5.48 billion in the second quarter of 2021, with the residential sector accounting for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Ghim-Moh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":103911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-condo-rents-may-grow-by-2-in-2019\/","url_meta":{"origin":122249,"position":2},"title":"Private condo rents may grow by 2% in 2019","date":"February 12, 2019","format":false,"excerpt":"\r Leasing trends appear to be positive given the falling vacancy rate and growing rents, according to a report. Rents 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. 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URA flash estimates showed that the landed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-vacancy-rate-remains-high\/","url_meta":{"origin":122249,"position":5},"title":"Residential vacancy rate remains high","date":"February 6, 2017","format":false,"excerpt":"\r The high vacancy rates are due to the huge supply of new homes and continued muted leasing interest. 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