Condo, HDB rents continue to climb, rising over 1% in Feb: SRX, 99.co

Singapore

CONSTRUCTION delays resulting from restrictions to curb the spread of the Covid-19 pandemic have continued to push rents higher in both condominiums and Housing and Development Board (HDB) flats.

Condominium rents rose for 14 straight months, going up 1.4 per cent in February compared to the previous month, while rents for HDB flats also continued the uptrend for 20 consecutive months, increasing by 1.7 per cent over the same period, according to flash estimates by SRX and 99.co released on Wednesday (Mar 16).