Non-landed homes rental index inches up by 0.5% in Q3

This followed three consecutive quarters of decline.

The rental index for non-landed homes inched up by 0.5% quarter-on-quarter (QoQ) in Q3, after three consecutive quarters of decline, according to Savills.

It was driven by the strong performance of rents in both the Rest of Central Region and the Outside Central Region, which posted 1.7% and 2.2% QoQ growth, respectively.

The demand in these two markets was due to seasonal factors and a shift from public housing units to entry-level condominiums.

The Core Central Region, meanwhile, lagged with a 1.6% QoQ rental decline, marking its fifth consecutive quarter of decreases.

“Given the global economic uncertainty and the limited pool of professional expatriates with housing allowances, this suggests that the CCR still lacks the fundamental conditions for rental growth in the near term,” Savills said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia