22 Aug '14, 9pm

Vacancy rate ‘healthy’ despite more empty private homes in Q2 | LushHomeMedia

The number of completed but empty private homes in Singapore is rising but property watchers have said the vacancy rate is still “healthy”. They expect the number to go up in the next few years, with the increase in the suburbs being the most significant. According to the Urban Redevelopment Authority (URA), the vacancy rate of completed private homes hit 7.1 per cent in the second quarter of this year – the highest since the first quarter of 2006. Vacant units in the private residential market refer to completed homes which have not been sold by developers, or units which have been purchased but are unoccupied. Property observers said the current vacancy rate is still healthy for the market today. “Looking at the way prices have been behaving and of course you have the impact of the TDSR (Total Debt Servicing Ratio) and the cooling measures, it appears that around 6 to 7 ...

Full article: http://www.lushhomemedia.com/manage_posts/2014/08/12/vaca...

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