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2024-07-20
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2024-01-26
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Singapore Home Rents Fall for First Time in Over Three Years
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That’s the first decline since the third quarter of 2020, according to figures published Friday by the Urban Redevelopment Authority.</p><p style=\"text-align: start;\">“With the increased competition, landlords are more willing to accept lower prices, especially for luxury segments,” said Christine Sun, chief researcher and strategist at real estate agency OrangeTee Group. Tenants are also more open to looking for cheaper options in suburban areas, she added.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54e85b1bc36a19195dd39a5d8df5520d\" tg-width=\"924\" tg-height=\"645\"/></p><p>The decrease is expected to bring some relief to tenants who saw leases surge 30% in 2022 alone. An influx of wealth during the pandemic helped the city-state defy a downturn seen in other hubs like Hong Kong, but also triggered local discontent and ensuing government cooling measures.</p><p>Despite the latest cooldown, private residential rents still grew 8.7% last year.</p><p style=\"text-align: start;\">Local demand for buying has also propped up home prices, which rose 2.8% in the fourth quarter from the previous three months, bringing the annual increase to 6.8%, according to data on Friday.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Home Rents Fall for First Time in Over Three Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Home Rents Fall for First Time in Over Three Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-26 09:19 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-01-26/singapore-home-rents-fall-for-first-time-in-over-three-years?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore rents dropped for the first time in more than three years on the back of increased housing supply and expectations for an economic slowdown.An index of rents for private homes in the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-01-26/singapore-home-rents-fall-for-first-time-in-over-three-years?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-01-26/singapore-home-rents-fall-for-first-time-in-over-three-years?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181182972","content_text":"Singapore rents dropped for the first time in more than three years on the back of increased housing supply and expectations for an economic slowdown.An index of rents for private homes in the financial hub fell 2.1% in the fourth quarter compared with a 0.8% rise in the previous three months. That’s the first decline since the third quarter of 2020, according to figures published Friday by the Urban Redevelopment Authority.“With the increased competition, landlords are more willing to accept lower prices, especially for luxury segments,” said Christine Sun, chief researcher and strategist at real estate agency OrangeTee Group. Tenants are also more open to looking for cheaper options in suburban areas, she added.The decrease is expected to bring some relief to tenants who saw leases surge 30% in 2022 alone. An influx of wealth during the pandemic helped the city-state defy a downturn seen in other hubs like Hong Kong, but also triggered local discontent and ensuing government cooling measures.Despite the latest cooldown, private residential rents still grew 8.7% last year.Local demand for buying has also propped up home prices, which rose 2.8% in the fourth quarter from the previous three months, bringing the annual increase to 6.8%, according to data on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":329483292217512,"gmtCreate":1721446024509,"gmtModify":1721449632544,"author":{"id":"4100596459110660","authorId":"4100596459110660","name":"TSW13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100596459110660","authorIdStr":"4100596459110660"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329483292217512","repostId":"1190305273","repostType":4,"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":267218662285592,"gmtCreate":1706249022262,"gmtModify":1706249677777,"author":{"id":"4100596459110660","authorId":"4100596459110660","name":"TSW13","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100596459110660","authorIdStr":"4100596459110660"},"themes":[],"htmlText":"See","listText":"See","text":"See","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/267218662285592","repostId":"1181182972","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
