Condo, HDB rental volumes may have bottomed out in May
May rental volume for condos down 45%; market observers expect rents to continue to weaken
Thu, Jun 11, 2020 - 5:50 AM
Looking ahead, observers say the rental market may improve once restrictions are reduced, but progress might be dampened by the economic outlook.
SPH FILE PHOTO
THE volume of private apartments and HDB flats rented may have bottomed out in the second month of the circuit breaker period but rents could continue to weaken, market observers said in response to flash data released by real estate portal SRX Property on Wednesday.