15 Jan '18, 4pm

Slower rate of decline in home rents

Slower rate of decline in home rents

Home rental prices have remained almost stagnant for the past few months. The rate of decline last year, however, has been gentler than in 2016. Punggol Slower rate of decline in home rents a sign of market picking up For the private property sector, non-landed home rental prices fell 0.3% last month. HDB rents fell 0.5%. In 2017, private and public home rents fell 0.5% and 3.5% respectively. While rents have been slipping, property prices have recovered rather well. The resale price index for private non-landed home prices rose 6.2% last year. The recovery was more significant in the second half of last year as buyers and investors are buoyed by the activity in the land sales and new property markets. Prices of resale HDB flats , however, fell 1.8%. The government’s numerous cooling measures seemed to have successfully put a halt in speculative property-buying. Related : ...

Full article: https://www.iproperty.com.sg/news/slower-rate-of-decline-...

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