Rents rise for condos, but ease for HDB flats in January: SRX

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.