PUBLISHED Wednesday, April 12, 2017
RENTALS for non-landed private homes and HDB (Housing and Development Board) flats ease in March 2017 over the earlier month, demonstrate the most recent released by SRX Property on Wednesday morning.
SRX Property said its rental index for private apartments and condominum fell 1.0 percent month on month (m-o-m) in March subsequent to rising 0.7 percent m-o-m in February.
The record has contracted 3.9 percent year on year (y-o-y) from March 2016 and is additionally 19.1 percent underneath its peak in January 2013.
An expected 4,549 non-landed private homes were leased in March 2017, mirroring a 14.6 percent increment from the 3,971 units leased in February 2017.
Year on year, the rental volume in March 2017 was 1.3 percent lower than the 4,611 units leased in March 2016.
In the HDB pads portion, SRX Property’s rental index eased 0.5 percent m-o-m in March 2017, a similar percentage drop as recorded in February 2017. The list was 5.1 percent lower y-o-y compared with March 2016 and is additionally 13.9 percent beneath its August 2013 peak.
SRX Property estimates that 2,045 HDB flats were rented a month ago – an expansion of around 32 percent from the earlier month’s 1,546 units yet a drop of 7.5 percent from a year back.
Source: http://www.businesstimes.com.sg/real-estate/singapore-private-home-and-condo-rents-slip-1-hdb-flat-rents-down-05-in-march
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