During the third term of 2013, office rent prices in the Singapore Central Business District dropped. This is the first time rents have fallen since 2013, said two sources with regards to Parc Riviera recently.

The average gross rent (pcm) in Marina Bay dropped by 5.5% from the second term of the year. It fell to $13 per square ft. The rents in Raffles Place also dropped by 3.4% to $10.45 psf, according to a property specialist.

The trend continued on the edges of the city, in areas like Beach Road, Anson Road, and Orchard Road – rents fell in these areas by 2.1% to $8.25 psf.

West Coast Vale Condo

Now, renting rewards have been boosted by landlords looking to keep old tenants and draw in new ones – more incentives to lease have been offered for EL Development West Coast Vale Condo, in a bid to maintain and …

One consultant has shared that this softening concurs with a weak 2nd half of the year that is considered seasonal in the rental market, however it also a result of competition in West Coast Vale Condothat is growing intense amongst landlords with more new homes coming to completion.

Weak Rents may affect West Coast Vale Condo Sales

There was a decline in rents for September, according the flash estimates from SRX, for private residential units that are non-landed by 0.3% for September from last month, with suburban and city fringe areas creating a drag. However, a dip of 4.1% in rental volume was still seen. Estimates from SRX Property gave an estimation of there being 3,758 rental transactions in EL Development Condo for September, in comparison to August recording 3,919.

Eugene Lim, key executive officer for ERA Realty, made note that year on year rise of 17.7% in rental transactions …

According to BNP Paribas, “Developers are likely to be dealing more carefully at the moment, as they take into account the challenge of offloading their units into their bidding prices. However, the demand for land has not decreased.”

It might be unexpected but tender ventures are now seeing an increased amount of bids per site as local developers try to restock their land reserves, overseas developers attempt to invest in Singapore, and construction magnates dedicate themselves to opening up a tricky market.

Like-for-like comparisons on West Coast EL Development Parc Riviera plots exchanged recently, in contrast with earlier regions, reveal that bidding prices have dipped significantly. However, demand is still robust, with an average of nine bids per site in the months between January and September last year.

West Coast Vale Condo

This could be down to the fact that developers are desperate to replenish, in the wake of recent …

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Parc Riviera West Coast Vale Condo

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Parc Riviera EL Development West Coast Vale Condo

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