Residential rents slip further in October: SRX

Singapore

THE residential leasing market remained in a soft patch in October, with rents and transaction volumes for both private homes and HDB flats still on the slide.

Flash estimates from SRX Property show that rents of non-landed private residential units slipped 0.4 per cent in October from the preceding month, while HDB rents slipped 0.5 per cent. The declines were steeper than the 0.3 per cent and 0.1 per cent respective falls in September.