Photo by Sohan Rayguru on Unsplash

Condo rents dip 0.5% MoM in December

Year-on-year, however, rents increased.

Condo rents decreased by 0.5% MoM but increased 2.6% YoY in December, data from 99.co and SRX showed.

Rents dropped across submarkets, led by the Rest of Central Region (RCR), which recorded a decline of 1.0% MoM. 

In the Outside Central Region (OCR), rents decreased by 0.6% MoM, whilst rents fell by 0.5% MoM in the Core Central Region (CCR). 

On a year-on-year comparison, rents across all submarkets increased, rising by 0.9% in the CCR, 2.6 % in the RCR, and 4.4% in the OCR. 

Meanwhile, volumes increased in December by 14.0% MoM to 5,644 units. Year-on-year, however, volumes fell 11.6%.
 
The volume was also 12.6% lower than the five-year average volume for December.

Of the total volume, 38.2% was from the OCR, 33.6% from RCR, and 28.2% 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!