Chart of the Day: Residential occupancy rates down 0.1 ppt to 93.6% in Q2

This was driven by declines in the CCR and OCR.

This chart from OrangeTee & Tie shows that overall occupancy rates of completed private residential homes in Singapore fell by 0.1 ppt to 93.6% last quarter, driven by occupancy declines in the Core Central Region (CCR) and Outer Central Region (OCR).

Occupancy rates slipped in CCR fell by 0.2 ppt to 92.2%, whilst rates in OCR dipped 0.3 ppt to 94.3%. Occupancy rates in the Rest of Central Region (RCR) rose by 0.4 ppt to 93.6%.

Despite the slight bump in the number of unoccupied private homes, OrangeTee & Tie commented that the rental market is still healthy, considering that occupancy rates across all market segments are still above 90%.