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Condo, HDB rents in July see first uptick since February

But a shift in demand to units in suburbs shows Covid-19 impact

Singapore

IT was a mixed picture for Singapore's rental housing market - while rents for HDB flats and private apartments saw their first monthly increase in four months in July, leasings fell as the Covid-19 pandemic continued to impact travel and jobs.

The SRX data showed HDB rents rose 1.4 per cent in July from the previous month, a bigger rate of increase than the small 0.4 per cent rise for private condominiums and apartments, One possible reason for the "healthy" increase in HDB rents is demand...

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