Rents rise for condos, but ease for HDB flats in January: SRX
Rents for non-landed private homes poised to moderate this year as new unit completions ease
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
RENTALS for non-landed private homes rose in January over December amid an increase in leasing volume, while HDB flat rents and leasing volume headed south over the same period.
The latest flash estimates released by SRX Property on Wednesday morning showed its rental index for private apartments and condos climbed 1.3 per cent month on month in January 2017 after retreating 1.4 per cent in December 2016. The index has contracted 5.0 per cent year on year from January 2016 and is also 18.9 per cent below its peak in January 2013.
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
