With an estimated 24% of HDB re-sale transactions being conducted directly between seller and buyer in 2016, it is little wonder that real estate agents are starting to question their role in the market.
Central to this self-examination process, should be the justification of commission fees and where the agent really does value and support. It is certainly not the quality of client property...Read more
With a record completion of over 21,000 new homes launched in 2016 and riding on the back of a sluggish economy, which in turn has led to repatriations, the downward pressure on rents continues and tenants are spoilt for choice.
With the number of vacant units, currently estimated to be 10% of the market, competition between Singapore landlords for tenants has intensified. A reduction in exp...Read more
Martin Phillips, the founder of RENTALS.SG is also the founder of RENTALSWORLDWIDE.COM, a vacation and long-term rental platform. The global vacation rental market is currently believed to be valued at US$100 Billion and is forecast to increase to US$ 170 Billion by 2019.
While RENTALS.SG is only focused on direct landlord to tenant long-term Singapore rentals, it is now clear that the short...Read more
Ammendments to the Planning Act will put an end to two rental related practices, makeing the use of private residential properties for rent under six months illegal and housing more than six tenants in each unit. However, the Singapore Government is looking at shortneing the six month requirement for private housing rentals.
Airbnb has, in recent years, led the way in short-term rentals arou...Read more
The cost of living in Singapore depends upon the facility factors such as the property’s nearness to the city, property age, availability of facilities such as pool, gym, etc and also the quality of furnishings that come with the accommodation. You should invest your time in deciding where you want to stay in Singapore and the rental cost you are paying. Singapore offers a wide range of availab...Read more
HDB is Singapore's public's housing authority therefore it is under the strict direction of the Ministry of National Development. The Housing and Development Board is an extremely common characteristic of Singapore real estate listings in Singapore with more than 80% of Singaporeans residing in public housing.
Purchases of HDB flats are limited to Singaporeans and Permanent Residents. The ke...Read more
The travel industry is undergoing great transformation. With the rise of serviced apartments and long term rentals,staying in a hotel is rapidly becoming a thing of the past. Renting a regular apartment can be a time-consuming and tedious experience, causing an unnecessary amount of stress. A serviced apartment, on the other hand, will allow you to find stability and security in your new enviro...Read more
Flash estimates by SRX property show a shocking slide in Singapore rental rates. The company estimates that condominiums and private apartment rentals in Singapore continued to lose traction by an estimated 1.6% over the previous month. This brings a sharp decline of 6.2% for 2016 and a eye watering decline of 19.9% over the peak in January 2013. Rentals rates seemed to slide pretty much on par...Read more
With a record completion of over 21,000 new homes launched in 2016 and riding on the back of a sluggish economy, which in turn has led to repatriations, the downward pressure on rents continues with tenants being spoilt for choice.
With the number of vacant units, currently estimated to be 10% of the market, competition between Singapore landlords and tenants has intensified. A reduction in ...Read more
While short-term rental accommodation such as apartments and condo's for rent in Singapore are not permitted the sector remains strong on a global basis.
According to a recent report by Susquehanna International Group (SIG), private accommodation will account for almost a fifth of global hospitality bookings within two years – and the online travel agency giants are tipped to benefit.
In ...Read more