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Tenants' market seen extending into '16 as condo rents dip in May

Analysts say more project completions lead to higher competition for tenants; HDB rents stay flat: SRX

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Published Wed, Jun 10, 2015 · 09:50 PM

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    Singapore

    RENTALS for condominiums and private apartments dipped 0.6 per cent in May, leading analysts to affirm the trend of a tenants' market which they say may extend into 2016.

    SLP International executive director Nicholas Mak said: "This is mainly due to the new supply outweighing demand, especially in the suburbs."

    Singapore residential propertyHDB

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