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July condo rents fall more than HDB flats
SRX Property data shows leasing volumes for private condos up 18% y-o-y in July. Tenants taking shorter leases
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Published Fri, Aug 14, 2015 · 09:50 PM
Singapore
THE rental decline for private apartments and condominiums has been much more pronounced than that for Housing & Development Board (HDB) flats, latest data from SRX Property shows.
Within the private segment, rentals in the Core Central Region (CCR) eased less than those in the suburbs or Outside Central Region (OCR). It is a similar pattern in the HDB rental market, with a smaller drop for flats in mature estates (seen as more prime areas) than non-mature estates.
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