22 Aug '14, 4pm

#GlobalREBubble #Singapore 'Leasing Demand Hits New High, But Rents Still Sliding' @SGPropertyGuru

Comment E-mail to friend Bookmark & Share Bucking the trend of a slowdown in Singapore residential sales, rental volumes surged 12.2 percent quarter-on-quarter to reach a high of 15,053 transactions in Q2 2014, according to a Savills report. Year-on-year, this is a growth rate of 5.2 percent. For the first six months of 2014, a total of 28,464 leases were secured, a 5.9 percent increase compared with 26,887 leases during the same period last year. This comes despite earlier expectations of a shrinking pool of overseas nationals following tighter immigrations policies in the city-state. “A possible reason for the healthy leasing demand could be the influx of foreigners who brought forward their plans to relocate here, fearing more moves to tighten immigration,” said Savills. The report added: “Employers might have also made a last dash to expedite their applications for emp...

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

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