Daily Briefing: What falling prime home rents mean for Singaporeans; Outlook for Singapore condo market

And Singaporean millennials flee parents via Airbnb.

But before you jump to the conclusion that anything in the lower end of the scale means bad business, you need to understand what these figures really mean for Singaporeans. Should we be worried about the falling prime home rents? What's the impact on Singaporeans who rent out their properties? Read more here.
Without a doubt, the cooling measures implemented during 2012 and 2013 have applied the brakes to what many have begun to view as a dangerously overheated property sector. Over the past seven quarters, we have seen the reverse happening, with sluggish sales volumes of private condominiums appearing to be the norm, suggesting that successive rounds of cooling measures have been very effective. And without further indication from the government if they will be maintained,market sentiment is that this trend could continue for the time being. Find out more here.
In Singapore, it’s customary to live with your parents until marriage. The tradition is intended to cultivate strong family values, but it can create a tough environment for singles looking to spend time with their friends or with a new love interest. So many young professionals are booking nightly or weekend escapes at nearby houses on Airbnb. Find out more here.

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