Condo rents slipped 0.9% in July

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. read more