Private rents tick up for the first time in 11 months in January

RCR rents posted the highest growth.

Private residential rents grew for the first time in 11 months in January, data from SRX property showed today.

Overall private rents grew 0.2% last month, driven by a robust 1.9% rental growth in the RCR. OCR rents increased by 0.2% while rents in the CCR posted a 0.8% decrease.

Rents declined 5.9% on a year-on-year basis. Rents in January 2015 are 9.6% down compared to its peak in January 2013.

Rental volume increased 13% month-on-month in January, with an estimated 3,417 rented compared to 3,025 units rented in December.


 

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!