Tag Archives: Empty

EMPTY HOMES ON THE RISE IN SINGAPORE

The number of vacant private homes in Singapore is steadily rising, climbing 10.3 percent to 21,268 units in Q2 2014 from 19,284 units in the previous quarter, revealed a Savills report. Notably, the vacancy rate rose to 7.1 percent from 6.6 percent in Q1. The greater number of empty units on the market comes despite strong leasing demand in Q2, with rental deals reaching a record 15,053 transactions, or a 12.2 percent increase from the quarter before.

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