Singapore’s vacancy rates has been improving last year. The average year on year increase in rental rates and transaction volume for non-landed private homes are 3.7% and 1.2% respectively. Comparing to a 5 year average, based on December’s flash estimates of non-landed private home by SRX, transaction volume had risen by a significant 13.6% even though, rental rates are still down by 16.6% compared to the peak in January 2013. This is good news for aspiring home stayers and investors of Midtown Modern.
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