Singapore Property News This Week #273


Rent for non-landed private homes continues to fall

Rent for non-landed private homes in Singapore continued to slip in July, especially in the suburban region, based on estimates by SRX Property. It is predicted that leasing volume will fall further, as rents fall even more. Experts have also noted that landlords have become flexible in a highly competitive market where tenants have more options and have smaller budgets.

(Source: Business Times)

Condo resale value increased by 6.2% yoy in July

Despite a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central Region (CCR) in July 2016, prices in the region were up 6.2 per cent year on year, according to SRX Property flash estimates for last month released on Wednesday. The sub-index for the Rest of Central Region (RCR) for July 2016 increased by 0.5 per cent from July 2015, while the sub-index for Outside Central Region (OCR) shrank by 2.8 per cent.

(Source: Business Times)


The Agape up for sales

The Agape is a three-storey building with a basement carpark and is up for sale by expression of interest. The guide price ranges from S$8 million to S$10 million. Located at 21 Yung Ho Road, it is located directly opposite the entertainment complex Superbowl and near Jurong Gateway. The building has a land area of 62,087 sq ft and a gross floor area of about 80,676 sq ft. The Agape is particularly attractive for investors as it is one of the few stand-alone buildings up for sales.

(Source: Business Times)


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