26 May '14, 7am

City fringe homes drive rental growth - Property Auctions News, Property Investment | PropertyGuru

Leasing demand in the private residential market remains healthy, according to a new Savills report today. Rental volumes islandwide increased by 4 percent year-on-year, as the Urban Redevelopment Authority (URA) showed there were 13,077 leases of private residential homes, excluding executive condominiums, in Q1 2014. 37 percent (or 4,839 leases) of these were in the city fringe areas, higher than the 30.6 percent and 32.4 percent recorded in the Outside of Central Region (OCR) and Core Central Region (CCR) respectively. Residential properties in the city fringe areas are probably more appealing as expatriates in Singapore try to balance tighter rental budgets with accessibility factors. “These housing options likely fit better to their current budgets, yet still remain conveniently accessible from the city area. Tenants these days are also offered a wider variety of loca...

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

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