25 Feb '16, 11am

5 tips when navigating Singapore’s property market in 2016 https://t.co/6pfiUWd3eR

5 tips when navigating Singapore’s property market in 2016 https://t.co/6pfiUWd3eR

Tip 1: Good time to look for prospective tenants to look for bargain rents ​ According to the URA the stock of completed private residential units (excluding ECs), increased by 5, 299 units the fourth quarter. Meanwhile, the vacancy rate increased to 8.1 per cent in the same period, up from the 7.8 per cent recorded in the third quarter. Figures from the URA showed that rental decline was observed across all segments of the private residential property market. The rental market is currently facing three challenges – the tightening of foreign workers and expatriates in gaining their Employment Pass (EPs), restrictions on the granting of Permanent Residencies (PRs) and so much supply of private residential properties. With landlords outnumbering rent-seekers, tenants are calling the shot in the already weak rental market. Condominiums located in the suburban areas (Outside C...

Full article: http://theindependent.sg/5-tips-when-navigating-singapore...

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