Utilizing EdgeProp’s research study tools, Stirling Residences has an ordinary rental fee of $7.1 psf monthly (pm), while Park Colonial has an average rent of $6.5 psf pm.
Generally, domestic leasing volume in 3Q2022 rose 20.5% q-o-q to a total of 25,382 deals. This is the biggest quarterly rise in renting volume since 3Q2020 when rental deals increased 34.6% q-o-q.
Significantly, Savills highlights that the leading two projects with the highest non-landed residential real estate are freshly completed tasks in the Relax of Central Area (RCR). They are Stirling Residences and also Park Colonial.
Rents of landed as well as non-landed homes taped quarterly increases of 10.9% and 8.3% in 3Q2022. According to Savills Singapore, the rental index of these residential or commercial property kinds struck document degrees in 24 years because the start of the URA time series in 4Q1998.
Savills keeps in mind that the …