30 Sep '14, 10am

Rental volume grows as buyers wait for further price drops

Comment E-mail to friend Bookmark & Share More homeowners are deciding to sell their property before prices fall further and wait for heftier price drops before committing to buy — a trend that has resulted in higher rental volumes, said media reports. According to statistics from HSR Research and the Urban Redevelopment Authority (URA), nearly 38,000 leasing agreements were inked for non-landed private houses between January and August 2014. In comparison, only 34,000 and 35,000 and rental contracts were signed respectively during the same period in 2012 and 2013. Additionally, this arrangement is logical, said experts. Apart from allowing house hunters to maximise the sales profits from their homes, it also enables them to take advantage of sliding rents due to a higher supply of completed houses. Based on URA data, private home prices declined by one percent in Q2 2014 ...

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

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Comment E-mail to friend Bookmark & Share More homeowners are deciding to sell their property before prices fall further a...

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