18 May '18, 1am

Rental market’s ups and downs https://t.co/QdgebyJNKO

The scales of the property rental market have tilted towards HDB flats. While private home rents fell by 0.9% last month, HDB rents rose 0.4%. Clementi. Picture: iProperty Rental market not yet in full recovery Private property prices is continuing on its climb. The rental market, however, has not responded as well to the buoyant market sentiments. Over the past couple of years, the number of completed units entering the market has been considerable. That could be part of the reason for falling rents. Rents for private apartments have fallen year-on-year. Private home rents fell 0.8% from April last year and are 19.6% lower than the January 2013 peak. Rents in the core central region slipped the hardest with a 1.3% decline. Rents in the city fringe fell 1.1% while that of the rest of central region fell 0.2%. 4,355 units were leased last April. This year, the numbers have ...

Full article: https://www.iproperty.com.sg/news/rental-markets-ups-and-...

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