12 Jan '18, 7am

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SINGAPORE'S housing rental market remained sluggish last month, but full-year rental declines in 2017 were more moderate than the year before. This confirmed the view of most analysts that notwithstanding the rental market's continued languor, rents will gradually find their footing in the second half of this year. Rents of private non-landed homes slipped 0.3 per cent in December from a month ago, bringing the full-year decline to 0.5 per cent. HDB rents also marked a 0.6 per cent fall in December from November, bringing the full-year decline to 3.5 per cent. These figures are flash estimates from SRX Property, which supplements property transactions data from the government with pre-caveat transactions from 14 major real estate agencies. This continued rental slide coincided with a recovery in private home prices. SRX Property's resale price index for private non-landed ...

Full article: https://www.srx.com.sg/singapore-property-news/45112/slug...

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