15 May '17, 12am

By region, private rents in the Core Central Region increased by 2.3

By region, private rents in the Core Central Region increased by 2.3

RENTALS of condominiums and private apartments as well as Housing & Development Board (HDB) flats rose 0.1 per cent in April compared to March, albeit on much lower rental transaction volume. This was according to flash estimates released by SRX Property on Thursday. By region, private rents in the Core Central Region (city centre) increased by 2.3 per cent, while in the Rest of Central Region (city fringe) and Outside Central Region (suburbs), rents fell 0.2 per cent and 1.3 per cent respectively. Private non-landed rental volume fell 18.7 per cent to about 3,653 units rented in April, compared to 4,493 units rented in March. Compared to a year ago, rents were down by 3.6 per cent from April 2016, and rental volume fell 15.8 per cent from 4,336 units rented in April 2016. For HDB flats, rentals of three-room, five-room and executive flats rose 0.1 per cent, 0.4 per cent a...

Full article: https://www.srx.com.sg/singapore-property-news/36662/srx-...

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