Private apartment rents down 3.2% in June
SRX June flash estimates show HDB rents also fell; analysts see silver lining in lower private home completions
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Kalpana Rashiwala
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Singapore
SRX Property's June 2017 flash estimates show that rentals of private apartments and condos have eased 3.2 per cent year on year and also retreated 19.1 per cent from their peak in January 2013.
In the public housing segment, rents of HDB flats have also shed 4 per cent year on year and are 13.5 per cent lower than their peak in August 2013.
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