Singapore condo and HDB rents rise in March; rental volume also up: SRX flash estimates



With reference from the news report, non-landed private property rental had risen 0.3% in March 2019 as compared to February 2019. The property market also witness an increase of 1.5% from March 2018 based on year-on-year comparison. This news article had further shown that rental price had stabilized and vacancy rates had been declining gradually.

It is also a good reference to Singapore’s private residential section, which had proven its resilience again over the past few decades. Singapore is the key financial hub in Asia with its ideal geographic location. Many expatriates had arrive on our shore in search of better job opportunity. When it comes to choosing the ideal accommodation from their workplace, staying near to the MRT, near abundant amenities and close to town is their most important consideration.

With Pasir Ris 8 located just next to Pasir Ris MRT, and five short distance MRT stations or 6 minutes drive away from Changi Airport with plenty of amenities under one development and its surrounding, it definitely attracts tenants who are working near to this vicinity such as Changi Business Parks and Sengkang Industrial. At the same time, the establishments and reputation of a developer is also another critical factor to consider. Allgreen, a highly experienced and reputable developer with more than 40 years of expertise in good quality home building, potential home buyers and investors can expect nothing but the best from them.

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