Month: September 2015

Paya Lebar Lend Lease Condo

In the recent data provided by SRX Property, it was seen that there was a much more noticeable drop in condominium and private flat rents than there were for apartments under the Housing and Development Board.

Looking at the private sector of the market, it was noted that Core Central Region rentals showed less of an easing than was seen in suburban areas, or the Outside Central Region. We can also see a pattern that is similar in the Housing Development Board rental market, where a smaller decline was witnessed for mature estate apartments, which are often viewed as prime areas, that those on estates that were non-matured Paya Lebar Condo.

Paya Lebar Lend Lease Condo

One expert pointed out that, with estates that are mature, the supply of HDB apartments being placed on the market by owners for lease is far less, due to owner preferring to reside in these units due to the flats central locale. It is for this same reason that the demand for rental tends in Paya Lebar Condos to be much stronger for apartments located in mature estates.

There has been an easing of 1.1% for HDB apartments located in estate labelled as mature, according to SRX Property’s rental index, and based on its July 2015 flash estimates, year on year. This is in comparison to a drop of 1.4% for those in estates labelled as non-mature for lend lease condo.

Earlier, in October of 2012, there was a peak seen in rentals for estates that were non-mature, as opposed to flats in mature estates in February of 2013. It was also noted that this fall from this specific high was also less on mature estates with close to 5.3% in comparison to the non-mature estate figure of 8.8%.

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