Rental yields for the ultra-luxury properties increased from the previous quarter but remained unchanged for the mass market residential properties.
Rents for ultra-luxury residential properties grew 10.6% quarter-on-quarter (QoQ) for Q3 2019 in a reversal of two straight quarters of decline, reported Singapore Business Review citing Knight Frank.
This translates to rental yields for the ultra-luxury properties increasing in Q3 after a decline in the previous quarter. In comparison, rental yields for the high-end, middle-end and mass market residential properties remained stable for the most part.
High-end properties’ rents also grew 6.3% QoQ in Q3. In comparison, residential rentals for the middle-end and mass market private residential properties remained flat, with vacancy rates for these segments continuing to be stable.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com