Condo rents fall in March on higher volume, says SRX
HDB rentals flat in March, but leasing volume also improved, likely from PR demand, says consultant
Singapore
RENTALS of private condominiums and apartments dipped 0.4 per cent in March compared to February amid a weak leasing environment. Those in the city centre and city fringe saw decreases in rents of 0.5 per cent and 0.9 per cent respectively. Rents in the suburbs rose 0.8 per cent, however.
This was according to flash estimates of the SRX Property Price Index for Non-landed Private Rentals released on Wednesday.
Year-on-year, rents in March 2015 were down 6.3 per cent from March 2014. The movement in rents in February has also been revised from a 0.8 per cent decrease to a 1.3 per cent decrease. But rental volume improved. According to SRX Property, about 3,948 non-landed private homes were rented in March 2015, up 37.1 per cent from 2,880 units in February. Year-on-year, rental v…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale