Non-landed private homes' rents down, volume up in March : SRX
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
NON-LANDED private residential rentals dipped 0.4 per cent in March 2015 compared to February.
Those in the city centre and city fringe saw decreases in rents of 0.5 per cent and 0.9 per cent respectively. Rents in the suburbs increased by 0.8 per cent from February.
This was according to the SRX Property Price Index for Non-landed Private Rentals released on Wednesday.
Year on year, rents in March 2015 were down 6.3 per cent from March 2014.
Rents change in February has also been revised from a 0.8 per cent decrease to a 1.3 per cent decrease.
Meanwhile, rental volume improved. According to the SRX Property, about 3,948 non-landed private homes were rented in March 2015, up 37.1 per cent from 2,880 units in February.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Year on year, the rental volume in March rose 14 per cent from the 3,463 units rented in March 2014.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
