News: Private home leasings show 4.4% increase in Q2

Oct 3, 2019

URA Realis data show rents of private homes rose 1.3 percent in Q2 compared to a one percent rise in the preceding quarter. Rents for non-landed homes rose across all market segments, with OCR, RCR and CCR having 1.2 percent, 1.4 percent and 1.5 percent respectively.

Private home leasings in Q2 2019 reached 23,095, a 4.4 percent increase quarter-on-quarter compared to 22,115 private home leasings in Q1, reported Singapore Business Review citing OrangeTee & Tie.

This number of private home leasings grew 2.2 percent on a yearly basis.

URA Realis data show rents of private homes rose 1.3 percent in Q2 compared to a one percent rise in the preceding quarter. Rents for non-landed homes rose across all market segments, with OCR, RCR and CCR having 1.2 percent, 1.4 percent and 1.5 percent respectively.

Overall occupancy rates fell by 0.1 ppt to 93.6 percent last quarter as rates decreased in OCR (-0.3 ppt) and CCR (-0.2 ppt). RCR’s occupancy rate, on the other hand, improved by 0.4 ppt

OrangeTee & Tie explained that the dip is nothing to worry about as occupancy rates for all segments still sit above 90 percent.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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