Private home rents flat, HDB rents dip 0.3% in June: SRX

RENTS for private non-landed homes were flat in June compared to May, while that for public housing flats dipped 0.3 per cent from a month ago, according to SRX Property.

Flash estimates from SRX Property showed that rents in the city fringe or Rest of Central Region (RCR) increased by 0.8 per cent in June.

But rents in the Core Central Region (CCR) and Outside Central Region (OCR) slipped 0.4 and 0.3 per cent respectively in June.

In terms of rental transactions, SRX estimates that volumes increased by 2 per cent to 4,256 non-landed units, which represents a 7.9 per cent increase from June last year.

As for HDB rents, the drag came from three and four-room flats, where rents fell 1.3 per cent and 0.3 per cent respectively. Rental volumes were 0.5 per cent lower at 1,826 transactions, SRX estimates.