Private homes saw rental prices declining for the eighth consecutive month in September, while rents for Housing and Development Board (HDB) flats were unchanged.
SINGAPORE: Rental prices for non-landed private homes fell for the eighth straight month in September, declining 0.3 per cent compared to August, according to flash estimates released by SRX Property on Wednesday (Oct 14).
Units in the Rest of Central Region and Outside Central Region saw decreases in rents of 0.6 per cent and 1.3 per cent, respectively, while homes in the Core Central Region saw a 1 per cent increase.
On a year-on-year basis, rents in September were down 5.6 per cent, and down 13 per cent compared with its peak in January 2013, SRX Property said.
Rental volume fell 4.1 per cent, with an estimated 3,758 units rented in September, compared with the 3,919 units rented in August. Read more >>
The home-sharing company says it is keen to help establish logical guidelines that will take everyone’s needs into account.
SINGAPORE : Airbnb is in talks with the Urban Redevelopment Authority (URA) to establish clearer guidelines on short-term leasing, as the home-sharing site seeks to help homeowners monetise their properties.
The guidelines could include allowing homeowners to lease only their primary homes or limiting the number of days for short-term rentals, as practised in countries such as France and the Netherlands, Mr Chai Jia Jih, Airbnb’s managing director for South-east Asia and India, told TODAY in an interview. Read more >>
Research houses have been more circumspect on their calls on property counters, as they work out various scenarios that may surface as interest costs shoot up and factors such as a China slowdown kick in.
SINGAPORE : Some 140 real estate agencies have closed shop over the 12 months to March 31, 2015 and over 3,000 property agents have quit the industry in that period as the sluggish property market continued to take its toll on industry players.
The honchos of top agencies here told BT that they are expecting more “casualties” in the current renewal of CEA licence period, October to December, with more agents throwing in the towel.
The latest annual report from the Council for Estate Agencies (CEA) for its fiscal year ended March 31, 2015 shows that there were 1,654 new salespersons who entered the industry over the 12 months but the number of registered salespersons still dropped to 32,006 as at March 31 from 33,498 a year ago, meaning 3,146 people left the sector.
And while 109 new property agencies were formed, the total number still fell to 1,422 from 1,449, yielding a loss of 136 agencies. Read more >>
Number of units resold last month falls 4.7% year-on-year, breaking streak of increases
SINGAPORE : The number of non-landed private homes resold last month fell 4.7 per cent from September a year earlier, breaking a 10-month streak of year-on-year increases, hurt by rising competition from executive condominiums (ECs) following the revision in the income ceiling for the hybrid housing type.
A total of 446 non-landed private homes were resold last month, SRX Property estimated in its monthly flash report released today (Oct 13).
This was down from 468 units in the same month last year and down 10.6 per cent from the 499 units resold in August. Resale prices slipped 1.2 per cent last month from September a year earlier and 0.1 per cent from August. Read more >>