RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: Rental transaction volume up 4.9% to 21,426 in Q1

There were less vacant flats in Q1, pushing up occupancy rates to a five-year high.

This chart from OrangeTee displayed that the number of leasing transactions rose 4.9% YoY or 5.2% QoQ, to 21,426 in Q1.

As a result, occupancy rates of completed private residential homes (excluding ECs) had also increased for the sixth consecutive quarter to a five5-year high of 93.7%. CCR occupancy rates jumped 92.4%, whilst those in RCR also surged 93.2%.

The report also added that rents of private homes grew 1% in Q1 to reverse the 1% rental decrease in the preceding quarter.

Non-landed home rentals in CCR and OCR had recovered as rents increased 1.6% and 1.7%, respectively, which is said to be the largest increases seen since Q4 2010. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.