Leasing volumes to hover around 11,000 transactions in Q4

Leasing market poised to impress.

According to Savills, it is expected that the residential leasing market will continue to flourish in the fourth quarter of this year with volumes hovering around 11,000 transactions, similar to that in Q4/2012.

Here's more from Savills:

In contrast to the mixed signals in the residential sales market, the rental market witnessed a buoyant performance in the third quarter when private residential leasing volumes registered a new record of 15,083 cases, an 11.6% QoQ increase, leading to a total of 40,319 leases inked in the first nine months, 6.0% higher than last year’s 38,023 leases recorded over a similar period.

As the FCF will come in force in August 2014, employers may expedite their applications for new EP holders. Leasing demand for staff accommodation or short-term rentals could increase over the next six months, as a new influx of overseas nationals move their plans forward to relocate here before both the job market and immigration policies tighten further.

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