SUBSCRIBERS

Jump in demand for rental condos, HDB flats in March

Published Wed, Apr 15, 2020 · 09:50 PM

Singapore

THE quiet rental market for private condominiums and apartments as well as Housing and Development Board (HDB) flats saw a sudden surge in demand last month.

Market observers said the measures taken in response to the novel coronavirus pandemic were the likely cause of the increase.

According to flash data from real estate portal SRX Property, the private rental market saw a 10.9 per cent jump in units leased to 5,244 units last month from 4,730 units in February.

While March's rental volume was 5.9 per cent lower than the same month a year ago, it was 7.6 per cent higher than the five-year aver…