{"id":38622,"date":"2016-12-20T09:33:50","date_gmt":"2016-12-20T02:33:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-home-rents-down-3-3-in-q3\/"},"modified":"2016-12-20T09:49:14","modified_gmt":"2016-12-20T02:49:14","slug":"singapore-prime-home-rents-down-3-3-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-home-rents-down-3-3-in-q3\/","title":{"rendered":"Singapore prime home rents down 3.3% in Q3"},"content":{"rendered":"


\nPrime residential rents continue to weaken in Singapore.
\nPrime residential rents in Singapore fell by 3.3 percent during the third quarter of 2016, while prime rental performance across the 17 global cities tracked by Knight Frank registered zero percent growth in the year to September.
\n\u201cDespite this slowdown in aggregate performance, the number of cities where annual rental growth is positive remains the same as last quarter (10); however, the rate of growth has slowed in 10 of the 17 cities,\u201d said Knight Frank.
\nToronto topped the rankings, with prime rents increasing by 7.9 percent year-on-year. The consultancy noted that last year\u2019s annual population growth of nine percent and stable rate of unemployment at 6.6 percent contributed to higher demand for rental properties there.
\nTokyo came in second with a 7.3 percent increase in rent, while Cape Town settled in third spot with a 3.3 percent gain.
\nCompleting the top five cities are Moscow and Tel Aviv, with rent increases of 3.2 percent and 2.7 percent, respectively.
\n\u201cWhilst uncertainty remains over the form of Brexit and the stance on global trade which President-elect Trump is likely to take, we can be more confident that a US rate hike is imminent,\u201d said Taimur Khan, Senior Research Analyst at Knight Frank.
\n\u201cHowever, any rise may have significant knock on effects, particularly for emerging markets. Record levels of sovereign debt in some emerging markets means that even a small increase in interest rates may suppress corporate activity, which in turn could hinder economic growth and prime rental market performance.\u201d<\/p>\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 prime home rents down 3.3% in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prime residential rents continue to weaken in Singapore. Prime residential rents in Singapore fell by...<\/p>\n","protected":false},"author":1,"featured_media":38623,"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-38622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/Knight-Frank-Global-House-Price-Index.jpg?fit=568%2C503&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-a2W","jetpack-related-posts":[{"id":50337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-prime-residential-rents-down-3-3-in-q4-2016\/","url_meta":{"origin":38622,"position":0},"title":"S\u2019pore prime residential rents down 3.3% in Q4 2016","date":"March 31, 2017","format":false,"excerpt":"\r Luxury residential rents in Singapore are still falling. Singapore saw prime residential rents drop 3.3 percent in the fourth quarter of 2016 from the previous year, according to a Knight Frank report. This comes as Knight Frank\u2019s Prime Global Rental Index fell marginally by 0.4 percent in 2016. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/PGRI-Q4-2016_Fig3-1024x911.jpg?fit=1024%2C911&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-rents-across-the-globe-are-at-their-lowest-in-5-years\/","url_meta":{"origin":38622,"position":1},"title":"Luxury rents across the globe are at their lowest in 5 years","date":"December 25, 2015","format":false,"excerpt":"\r Even London has slipped from first place Guangzhou took the top spot Knight Frank recently released its\u00a0Prime Global Rental Index for Q3 2015, revealing that luxury residential rents across the world fell by 0.9 percent in the year to September, the index\u2019s weakest performance in five years. The index\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2015\/12\/knight-frank-global-prime-rents-1024x681.jpg?fit=1024%2C681&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":28313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-rents-in-these-4-asian-cities-are-rapidly-rising\/","url_meta":{"origin":38622,"position":2},"title":"Luxury rents in these 4 Asian cities are rapidly rising","date":"October 3, 2016","format":false,"excerpt":"\r While Hong Kong and Singapore come crashing down Tokyo Skytree Tower in Japan. ZeroSystem \/ Shutterstock Prime rents in Tokyo are growing the fastest in Asia, Knight Frank revealed in its latest Prime Global Rental Index. Posting a 9 percent year-on-year growth in 12 months to June, the Japanese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-for-ultra-luxury-residential-properties-grow-10-6-in-q3-2019\/","url_meta":{"origin":38622,"position":3},"title":"Rents for ultra-luxury residential properties grow 10.6% in Q3 2019","date":"October 31, 2019","format":false,"excerpt":"\r Rental yields for the ultra-luxury properties increased from the previous quarter but remained unchanged for the mass market residential properties. Rents for ultra-luxury residential properties grew 10.6% quarter-on-quarter (QoQ) for Q3 2019 in a reversal of two straight quarters of decline, reported Singapore Business Review citing Knight Frank. Source:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/singapore-residential-market-q3-2019-6745.pdf-crop.png?fit=739%2C348&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":51486,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-office-rents-in-major-cities-of-the-world-by-knight-frank-in-pictures\/","url_meta":{"origin":38622,"position":4},"title":"Prime office rents in major cities of the world, by Knight Frank – in pictures","date":"April 10, 2017","format":false,"excerpt":"\r Prime office rents for upper floors in Hong Kong skyscrapers continue to be the highest, according to the latest report from Knight Frank. 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