Sluggish housing rentals may find footing in second half of 2018

Singapore

SINGAPORE'S housing rental market remained sluggish last month, but full-year rental declines in 2017 were more moderate than the year before. This confirmed the view of most analysts that notwithstanding the rental market's continued languor, rents will gradually find their footing in the second half of this year.

Rents of private non-landed homes slipped 0.3 per cent in December from a month ago, bringing the full-year decline to 0.5 per cent. HDB rents also marked a 0.6 per cent fall in December from November, bringing the full-year decline to 3.5 per cent.