Chart of the Day: Here's how deal volumes in private home market amazingly shrunk in 10 years

2014 has become a far cry from 2004.

2014's private residential transaction volume is evidently a sore loser as compared to the market performance since 2004. Last year had been a very stellar year, and it will be very difficult for 2014 to catch up or even keep up with the competition.

According to Savills, in terms of private residential leasing demand by market segment, the yearly proportion of rental transactions in the city fringe areas, or the RCR, has steadily increased and surpassed those in the CCR and OCR since 2012.

Here's more from Savills:

In 1Q14, rental demand in the RCR reached its highest level since 2004, making up 37.0% (or 4,839 leases) of the total rental transactions island-wide and higher than the 30.6% and 32.4% in the OCR and CCR respectively.

It is believed that by balancing the tighter rental budgets of expatriates, in Singapore with accessibility factors, residential properties in the city fringe areas are more appealing than those in other locations.

These housing options likely fit better to their current budgets, yet still remain conveniently accessible from the city area. Tenants these days are also offered a wider variety of locations in the RCR to pick from, as there is an increasing number of newly completed developments.