Continued slide in rents for private apartments, condos: SRX

Singapore

RENTS for non-landed private homes in Singapore remained on a slide in July with the main drag coming from the suburban region, based on estimates by SRX Property.

On the 0.4 per cent decline in rents from a month ago, R'ST Research director Ong Kah Seng noted that the leasing market is still affected by the prolonged effects of more completions, as that intensifies competition among landlords.

"Any monthly rental increases, or flattish rents are therefore random occurrences or blips, and not sustainable," he said. "We usually will see a month…