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Non-landed private homes' rents down, volume up in March : SRX
NON-LANDED private residential rentals dipped 0.4 per cent in March 2015 compared to February.
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 increased by 0.8 per cent from February.
This was according to 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.
Rents change in February has also been revised from a 0.8 per cent decrease to a 1.3 per cent decrease.
Meanwhile, rental volume improved. According to the 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, the rental volume in March rose 14 per cent from the 3,463 units rented in March 2014.