pstrongYear-to-date, rents have risen by 7%./strong/p pThe momentum built up in the first half of the year will likely push overall rents for private residential non-landed properties to 10% in 2023, according to Savills./p pYear-to-date, Savills said rents have already risen by 7%.
The momentum built up in the first half of the year will likely push overall rents for private residential non-landed properties to 10% in 2023, according to Savills.Across regions, the Outside Central Region and the Rest of Central Region posted the highest rent increase at 8% each. Meanwhile, the Core Central Region recorded a 6%Amongst regions, the RCR rose the most by 17%, followed by the OCR at 15% and the CCR at 12%.
By district, District 1 ranked highest with the 3Q23 average rent for a 3 bedroom at $9,500 per month, followed by District 4 with $8,825 and District 9 at $8,000. "Matching these rental changes with what has been observed on the ground, tenants now have a greater choice of apartments to choose from," Savills said.
"With close to 18,000 units completed in 2023, the tight market conditions in 2022 will find relief. Today, there is considerably less pressure on tenants to attempt to close a rental deal because of the ample availability of choices," Savills added....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.Daily Markets Briefing: STI declines 0.