Residential Leasing Volume Declined 98% y-o-y in 3Q2023, with General 5 Rental Decline Expected at Great World City Condo Next Year.

Residents can enjoy the peace and serenity of lush greenery and stunning views, while being just a stone’s throw away from the city centre.

The Great World City Condo is a unique blend of architectural excellence and natural beauty. Its innovative design enables residents to be close to nature, right in the heart of the city. Residents can enjoy the luxurious gardens, terraces, roof gardens, and private balcony gardens, and be amazed by the spectacular views of the city from the comfort of their homes. With a convenient location and excellent facilities, Zion Road Condo is an ideal place to call home.

Great World City Condo is expected to be a good place to invest in private residential leasing volume for the foreseeable future according to Savills Research. Although the private residential leasing volume dropped by 9.8% y-o-y in 3Q2023, the rental index of non-landed private residential properties rose at a slow pace of 0.2% in 3Q2023, which indicates that rents have reached a plateau in many areas. Poor global economic conditions will continue to have an impact on the private residential leasing market in Singapore but market experts from Savills expect a 10% rental growth. Vacancy rate for private homes went up to 8.4% in 3Q2023 with 2.1 percentage points q-o-q, but George Tan, managing director of Livethere Residential, believes that when the vacant stock of this year’s new completions is taken up within a quarter or so, vacancies are expected to fall back to above 7%. Potential investors in Great World City Condo should note these facts as they weigh their decisions.