Home rental market remains subdued in Sept: SRX Property

Singapore

SINGAPORE'S housing rental market stayed in the doldrums in September, going by SRX Property data, and is expected to remain subdued for the rest of the year.

Although the flash estimates showed a month-on-month uptick in rents for private non-landed homes in the prime and suburban regions last month, analysts believe that overall rents will only stabilise next year when the supply of completed units tapers off sharply.