14 Aug '15, 2am

#Singapore private homes rents slip 0.3% in July, HDB rents dip 0.1%: SRX Property

SINGAPORE - Rents for non-landed private homes continued to weaken in July, dipping 0.3 per cent compared to May, according to flash estimates released by SRX Property on Friday (Aug 14). Condominiums and apartments in all types of locations softened: by 0.4 per cent in the prime districts (Core Central Region), 0.2 per cent in the city fringes (Rest of Central Region) and 0.3 per cent in outlying districts (Outside Central Region). July's rents were down 5.7 per cent year-on-year, and down 12.5 per cent from its peak in January 2013, SRX Property said. The fall in June's rents were revised to 0.3 per cent (same as July's flash estimate), up from the previous estimate of a 0.5 per cent drop. An estimated 4,147 units were rented in July, a 7.3 per cent increase from 3,866 units rented in June. Year-on-year, rental volume last month was 18.2 per cent higher than 3,508 units ...

Full article: http://www.straitstimes.com/business/property/private-hom...

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