,Singapore

Chart of the Day: Singapore's empty flats rate hits 8.4% in Q3

Residential prices are still under pressure.

This chart from Maybank Kim Eng shows the rise in Singapore's vacancy rate to 8.4% still puts residential rents under pressure.

There were 30,100 vacant units recorded in Q3.

However, if vacancy rates do improve, rents could start to recover.

During the previous en bloc cycle of 2005, vacancy rates fell from 8.4% at end-2005 to 6.5% by mid-2006 as households displaced in the en bloc process sought out new homes. A corresponding 3% uptick in rents then sparked the start of an upcycle.

Maybank Kim Eng analyst Derrick Heng commented, "We think an improving economy and accelerated demolitions from the current en bloc fever could provide further upside to rents in the next two years."

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!

This got the nod from industry players at Ubisoft Singapore x Gamescom.
This is due to the planned reopening of Singapore’s borders and economy.
This is according to a joint report by SNEF & Kincentric.
DBS expects 150 talents to take part in this initiative.
The country ranked first in innovation input and investment sub-indeces.
Singtel showed the most growth.
Its net promoter score rose 35% in 2021 from end-2020.
This is the first time that the insurance industry has taken the lead against banks.
The initiative is directed towards the promotion of intergenerational dialogue.
This is the result of CapitaLand Limited’s restructuring efforts.
MOM, MND, and MOH were in charge of developing the standards.
Two nightlife establishments were revoked of their food licenses.
Mapletree companies showed the most growth.