11 Jul '18, 3am

Singapore condo and HDB rents fall in June from May as volumes drop: SRX Property

Singapore condo and HDB rents fall in June from May as volumes drop: SRX Property

SINGAPORE - Rentals for private condos and apartments in Singapore fell 0.2 per cent, while HDB rents fell 0.8 per cent in June from the previous month, with volumes continuing to decline as well, according to flash estimates released by real estate portal SRX Property on Wednesday (July 11). Year-on-year, rents from non-landed private rentals decreased 0.3 per cent, and the June showing was 19.3 per cent lower compared to its peak in January 2013. Compared to May, rents of condos and private apartments fell by 1 per cent in the prime district or Core Central Region (CCR), while it edged up by 0.7 per cent in the city fringe or Rest of Central Region (RCR), and fell 0.3 per cent in the suburbs or Outside Central Region (OCR) areas. Rental volumes declined 1 per cent in June from May to 4,637 units, but was 0.6 per cent higher than the some 4,609 units rented in June 2017. ...

Full article: https://www.straitstimes.com/business/property/singapore-...

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