Chart of the Day: Leasing demand remains robust

There were a total of 18,948 leasing transactions in the first five months of 2012.

Savills Research reported:

Despite the slowing global economy, leasing demand here remained robust in the first two months of the reviewed quarter. Leasing transactions rose above 3,800 each month with 4,128 and 3,881 leases inked in April and May respectively.

In the first five months of this year, there were a total of 18,948 leasing transactions, surpassing the volume recorded over the same period in 2010 (16,944) and 2011 (17,836) as well as the six-month leasing volume for each year from 2000 to 2008.

Non-landed home demand remained robust, rising 8.6% month-on-month to 3,748 units in April and settling down to 3,503 units in May. Further, demand for landed homes fell marginally from 380 units in April to 378 units in May.