
Private condo rent prices down 2% in September
Prices also dipped 0.1% on a monthly basis.
The prices of private condominium and apartment rentals dipped 2% YoY in September, according to the Singapore Real Exchange (SRX).
Based on its flash data, prices also dipped 0.1% on a monthly basis.
Rents in Core Central Region (CCR) and Outside Central Region (OCR) fell 0.4% and 0.8%, respectively. Rental prices in the Rest of Central Region (RCR) decreased by 1.7%.
The rents in September were 19.2% down from its peak in January 2013.
Meanwhile, rental volume dropped by 12.6% MoM from 4,345 units in August to 3,799 units in September.
On a yearly basis, rental volume was 1.2% lower than the 3,847 units rented in 2016.