24 Sep '14, 4am

S’pore is 6th costliest for home, office rents #sgproperty

S’pore is 6th costliest for home, office rents #sgproperty

Comment E-mail to friend Bookmark & Share The new Savills Live/Work Index has ranked Singapore the world’s sixth most expensive city for companies to locate employees, a position held since 2008. The index measures the total costs per employee of renting living and working space on a US dollar basis in 12 world cities. In Singapore, the combined cost of renting residential and office space per employee per year amounted to US$74,890 in June 2014. Although the housing market here has slowed with prices dropping 4.2 percent in the first six months of 2014, residential values have increased 44.6 percent over the last five years, according to Savills. The report stated that residential rents have fallen 3.5 percent in H1 2014, but climbed 4.6 percent since 2008. On the other hand, while work costs have risen sharply with office rents growing 7.3 percent in the first half, this...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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propertyguru.com.sg 24 Sep '14, 7am

Comment E-mail to friend Bookmark & Share Singapore is one of the least affordable cities in the world for young professio...

Home Sweet Home

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