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%.

Paya Lebar Condo

SRX’s HDB overall apartment rental index, based on the flash estimates in Paya Lebar Condo given for July 2015, dropped by 0.7% year on year, and 6.1% from their August 2013 peak. However, these drops are a lot less that the drops seen in private non-landed homes overall rentals, which were 5.7% year on year and, from its peak in January of 2013, 12.5%.

One analyst made the suggestion that this may be a result of an ever growing demand for HDB apartments to lease coming from white collar foreign workers and immigrants, something that assists in keeping the rate somewhat more stable.

Also based on the flash estimates for July, the rentals of private condos and flats in the Core Central region has dropped to 5% year on year, which is a slower rate of decline than the drop of 6% seen in the Outside Central Region. The Core Central region consists of Sentosa Cove, the Downtown Core Planning Area, and the older postal Districts of 9, 10 and 11.

Paya Lebar Mixed Development

In the RCR (Rest of Central Region) or city fringes, a drop of 5.3% in rents was seen year on year for Paya Lebar Condo.

SRX’s data also brought to light another trend, that Outside Central Region rents peaked the earliest for January of 2013. This was followed by February 2013’s Rest of Central Region and July 2013’s Core Central Region. Rents have dropped, from the respective highs, to 12.9% in Outside Central Region, 12.2% for Rest of Central Region, and 11.1% for the Core Central Region.

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