Continued slide in rents for private apartments, condos: SRX

Leasing market dragged down by suburban region while competition intensifies with completions

Published Thu, Aug 11, 2016 · 09:50 PM

Singapore

RENTS for non-landed private homes in Singapore remained on a slide in July with the main drag coming from the suburban region, based on estimates by SRX Property.

On the 0.4 per cent decline in rents from a month ago, R'ST Research director Ong Kah Seng noted that the leasing market is still affected by the prolonged effects of more completions, as that intensifies competition among landlords.