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4 hours ago, Mercs said:

Vacancy % below historical rates.

Old tenancy haven’t ended yet, our asking for new rates was raised over 10%, and within a week of advert already got 3 viewings scheduled.

Mouthwatering for some, painful for some...

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11 hours ago, Showster said:

Vacancy % below historical rates.

Old tenancy haven’t ended yet, our asking for new rates was raised over 10%, and within a week of advert already got 3 viewings scheduled.

Mouthwatering for some, painful for some...

Agree, more FTs coming (read PP power D/ Punggol DD)

Also more hdb units reaching MOP to further boost sales demand.

In a nutshell ... 'SG property, always ideal to stay vested' 😉 😛

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https://www.businesstimes.com.sg/real-estate/home-sales-achieve-soft-landing-in-2019-with-27-price-gain

Home sales achieve soft landing in 2019 with 2.7% price gain

 

For the whole of 2019, rents rose by 1.4 per cent.

"Rents are expected to continue rising into 2020, driven by high occupancy rates and low levels of incoming supply in 2020. Only 6,294 private residential units are expected to be completed in 2020, this would be a historic low since available data from 1996," s

As Singapore transforms into a world-class digital economy and rolls out more technology initiatives, the city-state's labour pool is poised to be one of the most tech-savvy workforces in the world, 

"We will be a highly favoured destination among tech firms that are looking to expand their digital footprint in the region," 

"We may expect an increasing number of tech giants to grow their businesses here. Expats with the state-of-the-art technological know-how may be deployed to Singapore.

"This may boost the tenant quality which may spur rental demand for homes in the prime and city-fringe areas. We estimate that leasing volume may increase slightly this year to be around 91,000 to 94,000 units for the whole of 2020," 

 

In 2020, an estimated 26,100 new HDB flats will be eligible to be sold in the resale market when they reach their 5-year MOP (Minimum Occupation Period), he said.

"This potential new supply of resale HDB flats is 50 per cent greater than the annual average of 17,400 flats in the past 5 years from 2015 - 2019. As some of the owners of these HDB flats will seek to upgrade to private properties, it will increase private housing demand,"

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