Private condo rents inched up 0.6% in November

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. read more