Singapore private home rents steady; boost expected from curbs, en-bloc sales

Singapore

RENTS for condominiums and private apartments continued to stabilise last month while the more volatile rents for HDB flats reversed direction and rose, with both markets enjoying a pickup in activity, according to a report yesterday.

Flash estimates from real estate portal SRX Property show rents for non-landed private homes saw no month-on-month change in July after inching down 0.1 per cent in June.

Private rents have been holding steady over the past year with the the month-on-month price change trending within a -1 per cent and +1 per cent range, flattening out to an even narrower -0.2 per cent and +0.1 per cent margin since March. Year-on-year, rents last month were just 0.4 per cent lower…