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Private home rents on the mend, with some help from en bloc sellers

Published Fri, Apr 27, 2018 · 09:50 PM
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Singapore

PRIVATE home rents are finally seeing green shoots and could continue to grow this year thanks to the collective sale frenzy.

The rental index edged up 0.3 per cent in the first quarter after 17 quarters of contraction or zero growth, according to Urban Redevelopment Authority (URA)'s statistics released on Friday.

Landed property rentals remained unchanged, compared to a 1.3 per cent decrease in the fourth quarter.

Rents for non-landed properties inc…

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