Continued slide in rents for private apartments, condos: SRX
Leasing market dragged down by suburban region while competition intensifies with completions
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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.
