{"id":50337,"date":"2017-03-31T10:47:45","date_gmt":"2017-03-31T03:47:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-prime-residential-rents-down-3-3-in-q4-2016\/"},"modified":"2017-03-31T10:48:52","modified_gmt":"2017-03-31T03:48:52","slug":"spore-prime-residential-rents-down-3-3-in-q4-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-prime-residential-rents-down-3-3-in-q4-2016\/","title":{"rendered":"S\u2019pore prime residential rents down 3.3% in Q4 2016"},"content":{"rendered":"


\nLuxury residential rents in Singapore are still falling.
\nSingapore saw prime residential rents drop 3.3 percent in the fourth quarter of 2016 from the previous year, according to a Knight Frank report.
\nThis comes as Knight Frank\u2019s Prime Global Rental Index fell marginally by 0.4 percent in 2016.
\nThe report noted that while rents generally declined in 2016, 10 of the 17 cities tracked in the index registered rental growth last year, up from seven in 2015.
\nHowever, the difference between the strongest and the weakest performing markets also increased to 14 percent from 12.5 percent previously.
\nTopping the list is Toronto, with prime rents increasing eight percent year-on-year in Q4 2016. This was followed by Cape Town and Guangzhou with rental growth of 6.3 percent and 3.9 percent, respectively.
\nCompleting the top five list are Zurich (3.3 percent) and Tel Aviv (2.4 percent).
\nFor five years in a row, North America emerged as the strongest performing region, with prime rents increasing by 5.2 percent in 2016.
\nEurope, on the other hand, displaced Africa as the weakest performing region, with prime rents there dropping 2.1 percent last year.
\n\u201cWith increasingly active fiscal and monetary policies in the US, such as President Trump\u2019s proposed US$1 trillion infrastructure plan and tax cuts, as well as the decision by the Federal Reserve to raise interest rates, we may see other central banks and governments follow suit to either support currency or to deal with any spill-over of inflation,\u201d said Taimur Khan, Senior Research Analyst at Knight Frank.
\n\u201cHigher interest rates would negatively impact on market affordability, a process which could lead to an increase in the demand for rental accommodation, as prospective buyers opted to rent for a period.\u201d<\/p>\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…S\u2019pore prime residential rents down 3.3% in Q4 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Luxury residential rents in Singapore are still falling. Singapore saw prime residential rents drop 3.3...<\/p>\n","protected":false},"author":1,"featured_media":50338,"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-50337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/PGRI-Q4-2016_Fig3-1024x911.jpg?fit=1024%2C911&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-d5T","jetpack-related-posts":[{"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":50337,"position":0},"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":38622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-prime-home-rents-down-3-3-in-q3\/","url_meta":{"origin":50337,"position":1},"title":"Singapore prime home rents down 3.3% in Q3","date":"December 20, 2016","format":false,"excerpt":"\r Prime residential rents continue to weaken in Singapore. Prime 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. \u201cDespite this slowdown in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&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":50337,"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":135564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-in-february-2023-up-despite-bsd-hikes-government-pilots-singles-shared-room-facilities-and-more\/","url_meta":{"origin":50337,"position":3},"title":"New Private Home Sales in February 2023 Up Despite BSD Hikes, Government Pilots Singles Shared Room Facilities, and More","date":"March 20, 2023","format":false,"excerpt":"\r New Private Home Sales in February 2023 Up Despite BSD Hikes, Government Pilots Singles Shared Room Facilities, and More14 to 20 March 2023 New private home sales in Singapore, excluding Executive Condominiums (ECs), increased in February 2023, despite the hike in\u00a0Buyer\u2019s Stamp Duty (BSD)\u00a0for pricier residential properties. Meanwhile, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/03\/singapore-cbd-downtown-skyline.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":114674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-prime-residential-rents-rise-as-landlords-withhold-supply-to-avoid-taxes-designed-to-bring-down-prices-knight-frank\/","url_meta":{"origin":50337,"position":4},"title":"London\u2019s prime residential rents rise as landlords withhold supply to avoid taxes designed to bring down prices: Knight Frank","date":"March 3, 2020","format":false,"excerpt":"\r Rental rates in London\u2019s top residential markets are on the rise as some landlords withdraw properties from the market to avoid paying taxes that were introduced to make housing in the UK capital more affordable, says Knight Frank.Demand for flats keeps building as those owners withhold leasing supply to\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":50337,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50337"}],"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=50337"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/50338"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=50337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=50337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=50337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}