101 views

Chart of the Day: Residential occupancy rates down 0.1 ppt to 93.6% in Q2

This was driven by declines in the CCR and OCR.

This chart from OrangeTee & Tie shows that overall occupancy rates of completed private residential homes in Singapore fell by 0.1 ppt to 93.6% last quarter, driven by occupancy declines in the Core Central Region (CCR) and Outer Central Region (OCR).

Occupancy rates slipped in CCR fell by 0.2 ppt to 92.2%, whilst rates in OCR dipped 0.3 ppt to 94.3%. Occupancy rates in the Rest of Central Region (RCR) rose by 0.4 ppt to 93.6%.

Despite the slight bump in the number of unoccupied private homes, OrangeTee & Tie commented that the rental market is still healthy, considering that occupancy rates across all market segments are still above 90%.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

UOB deploys AI tools to level up employees’ productivity
The bank with the largest consumer footprint in ASEAN leads the way in adopting Microsoft’s Copilot for more collaborative and productive banking.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Economy
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.