Published:
Condo rents down 0.8% in May
But rental volumes went up 12.5%.
Condo rents in Singapore registered a slight decrease in the month of May, down 0.8% compared to the previous month.
According to SRX Property, non-landed residential units rents in CCR, RCR and OCR decreased by 1.8%, 0.5% and 0.4%, respectively.
On a yearly basis, rents in May were down 3.9%, whilst CCR, RCR and OCR posted 3.7%, 3.2% and 4.8% decrease in prices. It was down 19.7% compared to its peak in January 2013.
Meanwhile, rental volume increased in May, registering a 12.5% growth. There are 4,650 condo units rented in the said month, up from the 4,134 units rented in April.
Rental volume was 6.1% higher than last year.
Read Here
Advertise
Sign Up
