Vacancy rate of private homes climbed to 6.1%

Despite the strong leasing demand.

According to Savills, despite the strong leasing demand, the vacancy rate of private residential units climbed to 6.1% from 5.6% in the previous quarter. This reflected a total of 17,459 vacant private homes island-wide, a significant jump of 10.3% QoQ from 15,833 units in Q2/2013.

In Q3/2013, a handful of major projects, mainly located outside the city area, such as The Interlace on Depot Road (1,040 units), Tree House on Chestnut Avenue (429 units) and Cape Royale at Sentosa Island (302 units), received their Temporary Occupancy Permits (TOPs).

In addition, about 6,305 and 19,302 residential units in the pipeline are scheduled for completion by 2013 and 2014 respectively.

As leasing demand might ease off next year, the new housing stock may not be adsorbed as quickly, and thus, the number of vacant private homes is expected to increase further.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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