Savills: Private residential rents at highest levels in 24 years
Significantly, Savills highlights that the top 2 tasks with the highest non-landed household real estate are freshly completed tasks in the Rest of Central Area (RCR). They are Stirling Residences and also Park Colonial.
Savills keeps in mind that the monthly rental attained at those two projects is comparable to those at prominent advancements in the Core Central Region such as The Sail @ Marina Bay ($ 6.24) as well as Marina One Residences ($ 6.64).
Using EdgeProp’s research study tools, Stirling Residences has an average rent of $7.1 psf per month (pm), while Park Colonial has an average rent of $6.5 psf pm.
On EdgeProp’s residential or commercial property research tool, users can find details of an exclusive property growth.
Generally, household leasing volume in 3Q2022 rose 20.5% q-o-q to a total amount of 25,382 deals. This is the largest quarterly rise in leasing quantity given that 3Q2020 when rental purchases increased 34.6% q-o-q.
Leas of landed and also non-landed properties videotaped quarterly boosts of 10.9% and 8.3% in 3Q2022. According to Savills Singapore, the rental index of these residential property types struck record levels in 24 years because the beginning of the URA time series in 4Q1998.
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