Vacancy for Private Homes at 10 year high

Vacancy rates for private homes at a 10 year high - Straits Times 24 Jan 2015.

Rents under pressure.

24,062 - the number of vacant completed residential units at the end of the 4th quarter of 2014, nearly 2,500 units more than in the quarter before.

19,941 - the number of private residential units that were completed last year, up 52% from 13,150 in 2013.

3% - the full year drop in rents last year, marking a reversal from the rise in rents in the preceding four years

8% - the expected maximum fall in rents this year, with the most pronounced drop in the central region as firms cut back on housing allowances.