April 2024

Rents are being lowered as the rental demand has slowed

[vc_row][vc_column][vc_column_text]PropertyGuru reported that private landlords’ asking rents in Singapore had been declining since the end of 2023. Rental demand was easing and supply increasing, according to the report. The study was published in late march and showed that asking rentals – which are the rents shown in listings on PropertyGuru – consistently declined in 2023.

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As vacancies increase, tenants may see lower condo rents

[vc_row][vc_column][vc_column_text]The difference in rental prices between Housing Board flats versus condos has shrunk significantly. The rents of private flats have been falling for more than six months while HDB rentals have remained steady and even reached a new high during the same time period. The market performance of the two housing types has been affected

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Sales fell 20% in Q1, a 1.5% decline in private home prices

[vc_row][vc_column][vc_column_text]According to data released by the government on Monday, the price of private homes in Singapore increased in the first quarter of 2024. The increase was 1.5 percent, following a 2.8% rise in the fourth quarter of 2023. The market’s resilience is reflected in the fact that prices remained stable despite a 20% drop in

Sales fell 20% in Q1, a 1.5% decline in private home prices Read More »

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