Private condo rents dip by 0.4% in August

Submitted By:  Danielle Isaac Case Study:  No Rental volume went down 10.4%. Rentals for private condominiums dipped by 0.4% in August 2017. According to the Singapore Real Estate Exchange (SRX), private rents in the Core Central Region (CCR) and Outside Central Region (OCR) both fell by 0.7% and 1.1%, respectively. Meanwhile, rentals in the Rest of Central Region (RCR) rose 0.7%. On a yearly basis, rents for the month dropped 2.5%. All individual sectors recorded lower prices. Rents in August dropped 19.2% from the peak in January 2013. read more