{"id":41969,"date":"2017-01-26T10:33:13","date_gmt":"2017-01-26T03:33:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-seventh-place-for-high-end-rentals\/"},"modified":"2017-01-26T10:44:31","modified_gmt":"2017-01-26T03:44:31","slug":"singapore-falls-to-seventh-place-for-high-end-rentals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-seventh-place-for-high-end-rentals\/","title":{"rendered":"Singapore falls to seventh place for high-end rentals"},"content":{"rendered":"


\nExpats with lower housing budgets partly to blame
\nAerial view of Keppel Bay in Singapore
\nSingapore 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 USD10,189 (SGD14,473) 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 USD4,535 (SGD6,443) per month.
\nMore: Singapore developers have their creative marketing hats on
\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.
\nThis article originally appeared on PropertyGuru.com.sg on 25 January 2017
\nRead next: This bid for the Singapore-Malaysia HSR line looks promising
\n
\nSource : property-report.com
\nRead more…Singapore falls to seventh place for high-end rentals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Expats with lower housing budgets partly to blame Aerial view of Keppel Bay in Singapore...<\/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-41969","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-aUV","jetpack-related-posts":[{"id":41841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-falls-to-7th-place-for-high-end-rentals\/","url_meta":{"origin":41969,"position":0},"title":"Singapore falls to 7th place for high-end rentals","date":"January 25, 2017","format":false,"excerpt":"\r Singapore has fallen three spots this year for high-end rental accommodation in Asia. Singapore 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. Hong Kong retained its position as Asia\u2019s most expensive\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":41969,"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":41969,"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":41969,"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. 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Marketing agent List Sotheby\u2019s Singapore revealed that the property on 65 Ocean Drive\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\/41969"}],"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=41969"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41969\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}