(August 12 11:25) Sbr.com.sg
Uploaded By:
Nathanielle Punay
Submitted By:
Nathanielle Punay
Case Study:
No
Rents in the CCR and OCR fell.
Overall condo rents in July dipped 0.9% YoY, albeit a 0.4% increase on a MoM basis, according to SRX.
Rents in the Core Central Region (CCR) and the Rest of Central Region (RCR) fell by 1.8% YoY and 1.9% YoY respectively, whilst rents in the Outside Central Region (OCR) rents inched up 0.4% YoY.
Meanwhile, condo rental volumes crashed 32.3% YoY and 7.2% MoM to around 3,880 units in July, as compared to 4,183 units in June. Volumes are 22.8% lower than the five-year average volume in the same month.
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