Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property News24 Jan 2017

High-end rental homes: Singapore falls to 7th most expensive in Asia from 4th

High end rental homes

Singapore is the 7th most expensive location in Asia for high-end rental homes this year, falling from 4th position last year.

The latest accommodation survey published by human resources firm ECA International compared rental accommodation - commonly leased by expatriates - in more than 230 locations worldwide.

Hong Kong kept its top spot for being the most expensive in the region. Tokyo, which saw the largest rent increases in Asia over the past 12 months, came in second, followed by Seoul, Yokohama, Shanghai and Beijing.

Mr Lee Quane, ECA International regional director of Asia gave several reasons for the fall in Singapore's high-end rentals: "Firstly, expatriate numbers in Singapore have stabilised recently, which has curbed demand for rental property in popular expatriate neighbourhoods.

"Furthermore, improved transport links in Singapore have led to movement away from historically popular districts such as 9-11 to cheaper locations.

"Singapore has also received more assignees from places such as China, Malaysia, Taiwan and Thailand whose housing budgets are likely to be lower. These factors, combined with an increased supply of property in the market, have caused landlords to respond by reducing rental prices."

In Singapore, rents for an unfurnished three-bedroom apartment across popular expatriate neighbourhoods average US$4,535 (S$6,426) per month, said the survey.

Those usually favoured by expatriates are homes in areas near international schools, embassies or social focal points, it added.

The Straits Times

Find properties for rent here

Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property News 12 October
En bloc sales in Singapore cool after July property curbs
Private home prices rose at the slowest pace in five quarters after the additional curbs were imposed in July.
Property News 11 October
Rochor's Golden Wall Centre hits en-bloc market again
Golden Wall Centre, which is slightly more than 100m from Rochor MRT station, occupies a 24,239 sq ft site with a gross floor area of about 118,488 sq ft.
Property News 09 October
59 shop units in Ming Arcade up for sale en bloc at $51m
The 59 shop units for sale, out of the total 88 units, make up nearly a third of the development's total share value and span across all floors.
Property News 05 October
Thomson View fails in fourth bid to sell en bloc
Thomson View, which sits on a 540,314 sq ft site in Upper Thomson Road, secured support from only 76 per cent of owners in its fourth attempt to launch a collective sale.

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.