{"id":29923,"date":"2016-10-14T09:45:57","date_gmt":"2016-10-14T02:45:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-rate-for-private-rented-homes-up-in-q2\/"},"modified":"2016-10-14T12:39:27","modified_gmt":"2016-10-14T05:39:27","slug":"vacancy-rate-for-private-rented-homes-up-in-q2","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-rate-for-private-rented-homes-up-in-q2\/","title":{"rendered":"Vacancy rate for private rented homes up in Q2"},"content":{"rendered":"


\nThere are more than 338,000 private housing units in Singapore, latest data shows.
\nWith supply outpacing demand, the vacancy rate for private rented homes increased 1.4 percentage points to 8.9 percent in the second quarter of 2016, reported Singapore Business Review citing a Savills report.
\nThe stock of private residential units across the island stands at 338,728, after 8,425 rented units were added in Q2 this year. Net new supply nearly doubled from the first quarter and has reached a new record since 6,889 units were recorded in Q2 2015.
\nDespite the increase in vacancy rate, Savills noted that prime residential developments attracted a steady stream of tenants.
\nIn Q2 2016, Reflections at Keppel Bay and The Sail @ Marina Bay saw rental contracts stay above the 100-level mark, with 155 and 174 deals registered respectively. Spottiswoode Residences also recorded 101 deals in Q2 2016, up 159 percent from the previous quarter.
\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…Vacancy rate for private rented homes up in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are more than 338,000 private housing units in Singapore, latest data shows. With supply...<\/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-29923","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\/p75ss1-7MD","jetpack-related-posts":[{"id":122249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-leasing-volumes-up-1-1-in-q2\/","url_meta":{"origin":29923,"position":0},"title":"Private residential leasing volumes up 1.1% in Q2","date":"September 28, 2021","format":false,"excerpt":"\r Private 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. Singapore saw private residential leasing volumes increase 1.1% during the second quarter of 2021, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/condo-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110136,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-project-launches-rose-23-1-in-q2\/","url_meta":{"origin":29923,"position":1},"title":"Private residential project launches rose 23.1% in Q2","date":"August 23, 2019","format":false,"excerpt":"\r Developers launched 16 new private residential projects in the second quarter of 2019, up 23.1 percent from the 13 projects registered in the first quarter or one of the highest quarterly figures since the fourth quarter of 2013. According to a report by Singapore Business Review citing Savills Singapore,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-rose-3-4-in-q2\/","url_meta":{"origin":29923,"position":2},"title":"Singapore private home prices rose 3.4% in Q2","date":"July 30, 2018","format":false,"excerpt":"\r The price growth in Q2 was slightly slower than the 3.9 percent increase in Q1.\u00a0 Singapore private home prices rose 3.4 percent quarter-on-quarter in Q2 2018 compared to a slightly faster growth of 3.9 percent in Q1, according to more complete data released by the Urban Redevelopment Authority (URA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-october-2016\/","url_meta":{"origin":29923,"position":3},"title":"News Roundup (October 2016)","date":"October 21, 2016","format":false,"excerpt":"\r \u00a0 \u00a0 Our top Singapore property stories. Shunfu Ville sale dispute could drag on, prove costly for owners The sale of Shunfu Ville, the largest en bloc deal since 2007, has hit a brick wall. Earlier in October, several newspapers reported that five households at the 358-unit residential development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/Lendlease-unveils-1024x589.jpg?fit=1024%2C589&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":43023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-vacancy-rate-remains-high\/","url_meta":{"origin":29923,"position":4},"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. The overall vacancy rate of private residential properties in Singapore remains high due to a myriad of factors, one of which is the significant number of new completions, reported the Straits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-sales-hit-record-high-in-q2\/","url_meta":{"origin":29923,"position":5},"title":"Luxury Condo Sales Hit Record-High in Q2","date":"August 26, 2019","format":false,"excerpt":"\r Singapore saw 137 luxury condominiums change hands in the second quarter of 2019, or the highest since the Global Financial Crisis. The units were sold for at least $3,000 per sq ft (psf), with the highest unit price rising to over $5,125 psf. This was achieved by a freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29923"}],"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=29923"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}