{"id":87773,"date":"2018-05-11T17:39:14","date_gmt":"2018-05-11T10:39:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/occupancy-rate-of-high-end-homes-down\/"},"modified":"2018-05-11T18:02:57","modified_gmt":"2018-05-11T11:02:57","slug":"occupancy-rate-of-high-end-homes-down","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/occupancy-rate-of-high-end-homes-down\/","title":{"rendered":"Occupancy rate of high-end homes down"},"content":{"rendered":"


\nView of high-end homes in Singapore.
\nDespite the positive sentiment in the residential market, the occupancy rate in the high-end residential segment hit an almost three-year low, falling marginally by 0.4 percentage points to 88.4 percent in the first quarter of 2018, reported Singapore Business Review citing OrangeTee & Tie Research and Consultancy.
\nSingapore\u2019s residential market saw overall occupancy rate increase by 0.4 percentage points to 92.6 percent in Q1 2018 from 92.2 percent during the previous quarter.
\nMore: Luxury Home Prices In Downtown Singapore Rising Faster Than Other High-End Districts: Report
\nThe high occupancy rate was underpinned by growth in the mass market segment, which rose to a four-year high of 95.1 percent. Occupancy rate for mid-tier homes also grew to 91.7 percent.
\nOrangeTee & Tie research head Christine Sun considers the high occupancy rates as one of the indicators that private residential market sentiment continued to be buoyant during the period under review.
\nIn fact, many projects, particularly those located in the Core Central Region, have increased prices of their unsold units this year \u2013 some by even double digits \u2013 as the supply of completed homes remains low and the existing stock of developers continues to diminish.
\n\u201cIndividual re-sellers have also seized the opportunity of increasing their asking prices in light of the more positive market sentiment fuelled by the recent collective sales frenzy,\u201d said Sun.
\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…Occupancy rate of high-end homes down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of high-end homes in Singapore. Despite the positive sentiment in the residential market, the...<\/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-87773","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-mPH","jetpack-related-posts":[{"id":111291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-leasings-show-4-4-increase-in-q2\/","url_meta":{"origin":87773,"position":0},"title":"Private home leasings show 4.4% increase in Q2","date":"October 3, 2019","format":false,"excerpt":"\r URA Realis data show rents of private homes rose 1.3 percent in Q2 compared to a one percent rise in the preceding quarter. Rents for non-landed homes rose across all market segments, with OCR, RCR and CCR having 1.2 percent, 1.4 percent and 1.5 percent respectively. Private home leasings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/promising-outlook-for-private-residential-leasing-market\/","url_meta":{"origin":87773,"position":1},"title":"Promising outlook for private residential leasing market","date":"December 26, 2018","format":false,"excerpt":"\r \u00a0 Despite the softening demand from expatriates, the private residential leasing market\u2019s outlook appears to be promising in 2019, with occupancy rates and rents expected to improve, reported the Business Times. This comes on the back of easing supply as well as demand from displaced owners of en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rental-occupancy-limit-raised-for-bigger-hdb-flats-and-private-homes-tuas-set-for-reclamation-works-from-2025-and-more\/","url_meta":{"origin":87773,"position":2},"title":"Rental occupancy limit raised for Bigger HDB Flats and Private Homes, Tuas Set for Reclamation Works From 2025, and More","date":"December 26, 2023","format":false,"excerpt":"\r Rental occupancy limit raised for Bigger HDB Flats and Private Homes, Tuas Set for Reclamation Works From 2025, and More19 to 26 December 2023 The occupancy cap for bigger HDB flats and private homes will be temporarily raised from six to eight unrelated people who are not from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/12\/singapore-hdb-view.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":126352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/absd-of-35-to-be-imposed-on-transfers-of-residential-properties-into-living-trust-golden-mile-complex-sold-en-bloc-for-700mil-and-more\/","url_meta":{"origin":87773,"position":3},"title":"ABSD of 35% to be imposed on transfers of residential properties into living trust, Golden Mile Complex sold en bloc for $700mil and more","date":"May 9, 2022","format":false,"excerpt":"\r ABSD of 35% to be imposed on transfers of residential properties into living trust, Golden Mile Complex sold en bloc for $700mil and more3rd May to 9th May 2022 The Government imposed an Additional Buyer\u2019s Stamp Duty (ABSD) of 35% on any transfer of residential property into a living\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/108140230_s-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":115830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-1-in-q1-2020\/","url_meta":{"origin":87773,"position":4},"title":"Private home prices down 1% in Q1 2020","date":"April 24, 2020","format":false,"excerpt":"\r Property sales were generally muted as well with lockdowns imposed around the world and stricter safe distancing measures. After rising for three consecutive quarters, prices of private residential properties in Singapore fell 1% in the first quarter of 2020, showed Urban Redevelopment Authority (URA) data on Friday (24 April).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-in-q4-2020-while-new-homes-sales-fell\/","url_meta":{"origin":87773,"position":5},"title":"Private home prices up in Q4 2020, while new homes sales fell","date":"January 22, 2021","format":false,"excerpt":"\r For the whole of 2020, private home prices rose 2.2%, down from the 2.7% increase registered in 2019. Singapore saw private home prices increase for a third consecutive quarter by 2.1% quarter-on-quarter during the fourth quarter of 2020 \u2013 the steepest quarterly increase in over two years. 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