Luxury home rentals to rise between 5-7% in 2011

And projects receiving temporary occupation permits continued to rise which could exert some pressure on future rents.

According to Savills Research, 2,401 private residential units received TOPs in Q2 2011.

Here’s more from Savills Research Singapore:

In Q2, 2,401 private residential units received TOPs, comprising 2,238 non-landed units and 163 landed units. Major new completions include Kovan Residences (253 units), Hilltops (241 units), The Residences at W Singapore (228 units), Rosewood Suites (200 units), Cliveden at Grange (110 units), Park Natura (192 units), 8 on Claymore (85 units), Zenith (85 units), Shelford Suites (77 units), Luma (75 units) and Illuminaire on Devonshire (72 units). These projects were mostly located in the CCR and OCR.

With firm hiring intentions, leasing demand is expected to remain stable in 2011. Top foreign executives living in Singapore will probably renew their leases for another one to two years. Executives from the banking and financial, pharmaceutical, and petrochemical sectors will continue to relocate here as Singapore remains a safe investment haven in the region.

The influx of completed homes in recent months may exert some short-term pressure on future rents. As such, the full-year rental growth should stabilise, with luxury residential home rentals rising between 5% and 7% for 2011. This may moderate to 2% to 3% for 2012.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia