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Singapore condo rents up 0.6% in November; HDB rents down 0.5%: SRX

Year on year, private rents are up by 0.3% from November 2017, while HDB rents are down by 1.3%

Published Wed, Dec 12, 2018 · 09:50 PM

Singapore

THE rental market for private non-landed property in Singapore picked up in November while it slowed for HDB properties, going by flash data from real estate portal SRX on Wednesday.

Rents for condominiums and private apartments in November increased by 0.6 per cent from the previous month. The monthly decline in rents for October was raised to 0.9 per cent from 0.7 per cent estimated earlier.

They were unchanged in August, from an earlier SRX estimate of a 0.1 per cent dip.

Year on year, private rents are up by 0.3 per cent from November 2017. However, compared to their record high in January 2013, they are down by …