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Condo rents flat, rental volume slumps 10% in April: SRX

Rents unchanged in the city area, rise 0.1% in the city fringe and fall 0.1% in the suburbs

Thu, May 12, 2016 - 5:50 AM

Lee Meixianleemx@sph.com.sg@LeeMeixianBT

R'ST Research said that rentals of private homes are still negatively affected by increased private residential completions, which intensify competition among landlords.

FILE PHOTO

Singapore

RENTALS of private condominiums and apartments were flat in April, compared with March. But rental volume fell 10.3 per cent to about 3,953 units in April, compared with 4,405 units in March.

Data released by SRX Property on Wednesday showed that when broken down by...

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