{"id":41841,"date":"2017-01-25T10:18:15","date_gmt":"2017-01-25T03:18:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-7th-place-for-high-end-rentals\/"},"modified":"2017-01-25T10:20:25","modified_gmt":"2017-01-25T03:20:25","slug":"singapore-falls-to-7th-place-for-high-end-rentals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-7th-place-for-high-end-rentals\/","title":{"rendered":"Singapore falls to 7th place for high-end rentals"},"content":{"rendered":"


\nSingapore has fallen three spots this year for high-end rental accommodation in Asia.
\nSingapore has emerged as the seventh most expensive destination in Asia for high-end rental accommodation this year, down from fourth place in 2016, reported the Business Times.
\nHong Kong retained its position as Asia\u2019s most expensive location, with monthly rent for an unfurnished three-bedroom apartment hitting US$10,189 (S$14,473) on average.
\nTokyo and Seoul grabbed the second and third spots respectively, followed by Yokohama, Shanghai and Beijing.
\nMobility solutions provider ECA International\u2019s latest Accommodation Survey showed that average rents in Singapore have dropped significantly since 2012, with an unfurnished three-bedroom apartment in popular expatriate neighbourhoods averaging US$4,535 (S$6,443) per month.
\nLee Quane, Regional Director for Asia at ECA International, attributed the drop in rent to several factors.
\n\u201cFirstly, expatriate numbers in Singapore have stabilised recently, which has curbed demand for rental property in popular expatriate neighbourhoods. Furthermore, improved transport links in Singapore have led to movement away from historically popular districts such as 9-11 to cheaper locations,\u201d he said.
\n\u201cSingapore has also received more assignees from places such as China, Malaysia, Taiwan and Thailand whose housing budgets are likely to be lower. These factors, combined with an increased supply of property in the market, have caused landlords to respond by reducing rental prices,\u201d added Quane.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore falls to 7th place for high-end rentals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore has fallen three spots this year for high-end rental accommodation in Asia. Singapore has...<\/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-41841","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-aSR","jetpack-related-posts":[{"id":41969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-seventh-place-for-high-end-rentals\/","url_meta":{"origin":41841,"position":0},"title":"Singapore falls to seventh place for high-end rentals","date":"January 26, 2017","format":false,"excerpt":"\r Expats with lower housing budgets partly to blame Aerial view of Keppel Bay in Singapore Singapore emerged as the seventh most expensive destination in Asia for high-end rental accommodation this year, down from fourth place in 2016, reported the Business Times. Hong Kong retained its position as Asia\u2019s most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-8th-most-expensive-place-in-asia-to-rent-mid-market-homes\/","url_meta":{"origin":41841,"position":1},"title":"Singapore falls to 8th most expensive place in Asia to rent mid-market homes","date":"January 17, 2018","format":false,"excerpt":"\r Singapore has continued to slip down the list of the most expensive location for rental accommodation in Asia as it settled in the eighth place, down one notch from last year, revealed a survey by ECA International. Notably, the city-state was ranked fourth in 2016. Lee Quane, ECA International\u2019s\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":41841,"position":2},"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":115348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expat-rents-in-singapore-increase-for-the-first-time-in-five-years\/","url_meta":{"origin":41841,"position":3},"title":"Expat rents in Singapore increase for the first time in five years","date":"April 2, 2020","format":false,"excerpt":"\r The average monthly rental for expatriates in Singapore rose 1.4% from last year to $6,069 (US$4,233) \u2013 its first increase in five years, showed a study by ECA International. ECA International\u2019s Regional Director for Asia Lee Quane attributed the uptick to an influx of overseas relocation, particularly by expats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-drops-out-of-top-20-list-of-worlds-most-expensive-cities-for-expats\/","url_meta":{"origin":41841,"position":4},"title":"S'pore drops out of top 20 list of world\u2019s most expensive cities for expats","date":"June 8, 2017","format":false,"excerpt":"\r The weakening Singapore dollar has made the city-state less expensive for expatriates. 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