May suburban condo rents down 4.8%: SRX
This is steeper than falls of 3.7% in CCR and 3.2% in RCR; HDB rents in mature estates ease 2.8%
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Kalpana Rashiwala
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Singapore
PRIVATE apartment and condo rents in the suburbs have fallen at a faster clip between May 2016 and May 2017 compared to units in the prime areas and city-fringe locations.
Based on SRX Property's flash estimates data for last month released on Wednesday, its rental index for non-landed private homes in the Outside Central Region or OCR eased 4.8 per cent year on year. This was followed by a 3.7 per cent decline in the index for the Core Central Region (CCR) and 3.2 per cent drop in the Rest of Central Region (RCR).
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