Jan condo rents up 0.5%; HDB rents fall 0.2%: SRX

RENTS for condominiums and private apartments reversed course last month to notch a small increase while HDB rents slipped for a third consecutive month, according to the latest flash estimates from real estate portal SRX on Wednesday.

Its overall price index for non-landed private residential rentals for January increased by 0.5 per cent month on month. SRX also revised December's dip in rents to 0.2 per cent, from its initial estimate of a 0.3 per cent decline.

In January, rents in the core central region (CCR) decreased by 1.3 per cent, but those in the rest of central region (RCR) and outside central region (OCR) increased by 2.7 per cent and 0.2 per cent respectively.