(December 12 17:33) Sbr.com.sg
Submitted By:
Luz Wendy Noble
Case Study:
No
Rental volume in the city-state fell 11.2% to 3,791 units.
Private condominium rents grew 0.6% MoM in November, SRX Property revealed. The largest rent hike of 1.8% MoM was observed in the core central region (CCR).
Rents for condo units around the rest of the central region (RCR) also rose 0.6% whilst rates outside the central region (OCR) dipped 0.3% MoM.
On a YoY basis, rents rose 0.3% compared to the rates in November 2017. However, rents crashed 19.6% compared to their peak rates recorded in January 2013.
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