Rents of private and HDB flats fall 0.6% in August: SRX
Increase in rental volumes in both segments reflects shorter leases amid uncertain economic conditions
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RENTS of private non-landed homes and Housing & Development Board (HDB) flats in Singapore slipped 0.6 per cent in August compared to July. Both segments saw an uptick in rental volumes last month, SRX Property estimates on Wednesday showed, a reflection of the current leasing landscape where shorter leases are increasingly more sought-after amid uncertain economic conditions.
Flash reports on rentals by SRX Property typically capture around 80 per cent of the month's transactions on average at the time of the reports' publication.
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