Shoebox Units Fuelling Demand For Rental Homes

The average rent stood at around S$3,340 per month.Suites@East Coast in the OCR achieved a rental take-up rate of 68.6 percent, while Siglap V recorded a rental take-up rate of 63.2 percent. Centra Studios and Centra Suites in the Rest of Central Region (RCR) posted rental take-ups of 81.3 percent and 87.9 percent respectively.Meanwhile, six new projects with shoebox units have been completed in District 14 since 2012, with an average take-up rate of 65.8 percent in 1H2013.Going forward, Square Foot Research expects rental demand to remain firm given the positive job prospects in Singapore, while demand will be fuelled by the restrictions placed on residential property purchases by PRs and foreigners.”However, with the record-high number of projects completing in 2014-2015, the surge in overall supply may drive rents down, offering tenants a greater variety of choices beyond shoebox units at increasingly competitive rental prices. This may ultimately affect the draw towards shoebox units,” it added.Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email Stories:240 tenants at Jem affected by ceiling collapseS’pore offers best value to relocating firmsURA launches public tender for Havelock Road site More from PropertyGuru: Top five stories you may have missed on Monday 23, September 2013 35 minutes ago Here are todays top five stories in case you missed the headlines. Singapore announces tighter rules for hiring skilled foreigners Singapore’s government announced rules that will prompt many companies operating in the city-state to consider Singaporeans for skilled job vacancies Continue reading Singapore baby Neira Ngs battle for survival goes viral 3 hours ago A three-month-old baby’s fight against two growing tumours in her brain has gone viral in Singapore.
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COMMENT: Flats affordable — so why is HDB building more rental flats?

We will continue to expand and invest in this business to create a premier equipment rental company fully aligned with the needs of the industry in Saudi Arabia.” The HERC Jeddah location offers a broad range of equipment and tools, including straight mast and articulating manlifts, telehandlers and construction and industrial fork lifts, 185 CFM to 1600 CFM compressors (including Instrument Quality), light towers and 50KW to 1 MW generators. Equipment comes from manufacturers including Atlas Copco, my website Case, Doosan, Genie, Himoinsa, Ingersoll Rand, JCB, JLG, Miller, and Wacker. Located on the Makkah Highway, the new facility features a 10,000 square meter yard, shop and branch office. The facility is located 8 km Southeast of Jeddah City, with easy access to Yanbu (petro chemical hub of Western Region), the mega project King Abdul Aziz Economic City and close to the two holy cities Makkah and Madina. The location’s hours of operation are Sunday through Thursday 8 am – 5 pm and, on Saturday, from 8:30 am – 12:30 pm. The location can be reached at +966 3 839 3250 or toll free within the KSA at 800 116 1006.
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Hertz Dayim Equipment Rental Expands Within Saudi Arabia

However, two years later, in 2011, Mr Mahs successor at the Ministry of National Development (MND), Mr Khaw Boon Wan, saw it differently, after his own encounters at his Meet-the-People sessions with single mothers and divorcees who couldnt afford to buy flats. Its quite clear in my mind [that] we need to ramp up the building of rental flats as quickly as we can, he said . Not just by a few thousand, actually we need to build by tens of thousands, and the earlier the better. So, in Parliament in September 2013, the government announced that it will be building another 10,000 rental flats by 2017 bringing the total to 60,000.
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