HDB and private rents edge up 0.2% in May: SRX

Singapore

RENTS in May inched up just 0.2 per cent for both private and HDB homes from the previous month, as volumes continued their decline, according to flash estimates released by real estate portal SRX Property on Wednesday.

Year-on-year, rents from non-landed private rentals improved marginally by 0.8 per cent; the May showing was 18.9 per cent lower than its peak in Jan 2013.

Compared to April, rents of condos and private apartments did not budge in the prime district or Core Central Region (CCR), but edged up by 0.4 per cent in th…