18 Sep '16, 9am

SRX: Private homes and HDB flats rents dropped in August

SINGAPORE - Rents for non-landed private homes and HDB flats weakened in August, both dropping 0.6 per cent from July, according to flash estimates released by SRX Property on Wednesday (Sept 14). The rents for condominiums and private apartments dipped 1.5 per cent in the outlying districts and 0.6 per cent in the city fringes. However, rent in the prime districts increased by 0.5 per cent. Year on year, rents last month were down 4.7 per cent from August 2015, and 17.2 per cent off their peak in January 2013, SRX Property said. The fall in July's rents was revised to 0.2 per cent, up from the previous estimate of a 0.4 per cent drop. An estimated 4,595 units were rented in August, a 3.4 per cent growth over the 4,443 units rented in July. Year on year, rental volume last month was 18.1 per cent higher than the 3,892 units rented in August 2015. For HDB flats, the rental ...

Full article: http://www.srx.com.sg/singapore-property-news/23652/srx-p...

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