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Private home rentals slip 0.4% in Aug: SRX

Number of condo and apartment units rented in Aug down 10.4% from July; larger supply of about 16,500 new completions entering the market this year expected to ease rents

Published Wed, Sep 13, 2017 · 09:50 PM

Singapore property

Singapore

PRIVATE residential rents in Singapore fell 0.4 per cent in August after rising 0.2 per cent in July, while rental volume fell 10.4 per cent.

The general trend of private home rentals has been a gentle downward slope; year-to-date, the price index is down 0.4 per cent from the start of this year, executive director of ZACD Group Nicholas Mak noted.

He said this is not surprising given the larger supply of about 16,500 ne…