Results 1 to 5 of 5

Thread: HDB, URA release more rental data

  1. #1
    Join Date
    Oct 2011
    Posts
    10,829

    Default HDB, URA release more rental data

    http://www.straitstimes.com/archive/...-data-20121030

    HDB, URA release more rental data

    Landlords, tenants can view more details on public and private housing

    Published on Oct 30, 2012

    By Daryl Chin


    THE authorities are releasing more information on rentals to help landlords and tenants get a fuller picture of their options.

    The rental data on private and public housing will be made available by the Urban Redevelopment Authority (URA) and the Housing Board (HDB) respectively on their websites.

    The move, said the agencies yesterday, is aimed at providing timely information on rentals and helping people make informed decisions before signing a contract.

    Those thinking of renting out an HDB flat, for instance, are now able to check the monthly rental for a particular room type at a specified block and road, if the transaction was done within the past year. They would also be privy to when the lease was taken up.

    To protect the privacy of owners, unit details, such as the level and floor area, are not given.

    Previously, information on HDB rentals was restricted to the median amount, and broken down by town and flat type.

    As for private properties, one is now able to check the monthly rental for a unit in a particular condominium or executive condominium and landed home, from as far back as the start of this year.

    Such data includes the number of bedrooms if they are non-landed units, size of the place, street name and postal district.

    In the past, the URA provided general information such as the aggregated median per square metre rentals for a project.

    SLP International's head of research Nicholas Mak gives the thumbs up to the initiatives.

    "When information is opaque, rentals might be mispriced. So with more transparency, it would likely lead to more stability as people are able to price their properties better," he said.

    But the provision of more information does not necessarily lower rentals. "It will make the market work more efficiently but rising rentals are due to demand and that has not changed," he added.

    Rentals of private residential properties rose by 0.9 per cent in the third quarter this year, compared to 0.3 per cent in the second quarter.

    On the HDB front, the number of subletting transactions rose 4 per cent, compared to 3 per cent in the previous quarter.

    Architect Melvin Wang, 35, said the information will enable him to negotiate better when he lets out his 1,200 sq ft unit in Ridgewood condominium in the Holland area.

    "If potential tenants tell me they've heard of similar units going for lower, I can just point out that such units have gone for a higher monthly price point as well. At least both parties will be able to settle on a comfortable market rate," he said.

    Tenants like master's student Joseph Satvir, 28, said they will benefit too. "Knowing how much rents are will help me narrow down the locations which I can afford," he noted.

    [email protected]

  2. #2
    Join Date
    Jun 2011
    Posts
    6,134

    Default

    rental mkt is so hot i dont think tenant bother to check...BUT how long its going to be hot...its anybody guess..

  3. #3
    Join Date
    May 2012
    Posts
    142

    Default

    Quote Originally Posted by radha08
    rental mkt is so hot i dont think tenant bother to check...BUT how long its going to be hot...its anybody guess..
    Is the rental market still HOT?

    I tot FT clamp down and companies recruit less now?

  4. #4
    Join Date
    Oct 2012
    Posts
    460

    Default

    Out of curiosity I went to search for my development but could not find my unit transaction as it was renewed just this year. Where does URA get their information from? I did stamp the TA

  5. #5
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Quote Originally Posted by may2012
    Is the rental market still HOT?

    I tot FT clamp down and companies recruit less now?
    Locals aged 40 and above priced out of market by new cm... So all left parents place come out to rent... Else no freedom to bring gf bf back n ..... .... ...

Similar Threads

  1. Rental data to be more transparent
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 3
    -: 13-03-14, 19:21
  2. More rental data to be available to public later this year
    By princess_morbucks in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 06-03-14, 19:44
  3. Government plans to release more market data on rents for HDB flats
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 25-07-07, 05:01
  4. URA to release more detailed property data
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 2
    -: 22-01-07, 16:26
  5. URA to release detailed property price data soon
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 15-01-07, 11:44

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •