Singapore private home rentals fall for third straight quarter

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SINGAPORE: Private home rentals fell for the third consecutive quarter, slipping 0.8 per cent in the second quarter of 2024.This follows a 1.

"Since interest rates have not decreased as rapidly as expected, most buyers will likely continue to opt for affordable housing options, such as resale or smaller new private homes," she added.

Huttons' Mr Lee said the slower growth in private housing prices could be due to interest rates which have remained “higher for longer", as well as subdued economic and employment conditions.“Interest rates which continued to remain high limited borrowings and thus capping increases in prices,” he added.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Prices Cent Sales Year Quarter Resale Previous Second Homes Private 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 13:28:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 752 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21781248

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Publisher ID: #27

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