120 views
Photo from Pixabay

Condo rents climb 3.5% MoM in February

Across sub-markets, OCR Recorded the highest rent increase.

Condo rents rose 3.5% MoM and 36.2% YoY in February, data from 99.co and SRX showed.

Rents climbed across all submarkets, with the Outside Central Region (OCR) posting the highest increase of 4.0% MoM, followed by Core Central Region (CCR) (3.6% MoM), and the Rest of the Central Region (RCR) (3.0% MoM).

On a year-on-year comparison. OCR also had the highest increase (36.9% YoY), followed by the RCR (35.5% YoY) and the CCR (35.0% YoY).

Volumes, on the other hand, decreased in February, dropping 18.6% MoM to 5,119 units. 

The volume was also 0.6% lower than February 2022 and 2.6% lower than the five-year average volume for February.

Of the total volume, 36.0% was from the OCR, 34.9% from RCR and 29.1% from CCR.
 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!