June condo, HDB rents fall as volumes drop

Singapore

RENTALS for private condos and apartments in Singapore fell 0.2 per cent, while HDB rents fell 0.8 per cent in June from the previous month, with volumes continuing to decline as well, according to flash estimates released by real estate portal SRX Property on Wednesday.

Year-on-year, rents from non-landed private rentals decreased 0.3 per cent, and the June showing was 19.3 per cent lower compared to its peak in January 2013.