The Business Times
business-time-50
OUTLOOK 2021

Tough 2021 for residential landlords as rent budgets, foreign workforce shrink

Vacancy rate seen rising to 7% and 8-9% for 2020 and 2021, respectively; posh homes could see rents fall 2-3% for 2020

google-preferred-sourceAdd BT as a preferred source
Published Sun, Jan 3, 2021 · 09:50 PM
    More empty homes

    Singapore

    IT'S going to be another gloomy year for private residential landlords as cuts to tenants' rental budgets continue while more foreigners lose their jobs in Singapore.

    And don't hold out for the Chinese tech companies which are expanding in Singapore to fill the increasing number of empty homes, as it's far from clear how many expats they will send here.

    Singapore propertyHousingForeign workers

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    (From left) Dushan county’s ambitious Shuisi Building project and an unfinished, full-scale replica of the Titanic in Daying county.

    Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More