Singapore condo and HDB rents rise in March; rental volume also up: SRX flash estimates.
RENTS for non-landed private homes in Singapore rose 0.3 per cent in March from February, while rents for HDB flats saw a 0.2 per cent increase, according to flash estimates from real estate portal SRX on Wednesday.
Condominium and private apartment rents remained unchanged in February from January. In the HDB rental market, rents fell 0.1 per cent in February.
Year on year, rents for non-landed private properties increased by 1.5 per cent from March 2018. Compared to its January 2013 peak, rents were still down 17.7 per cent.
OrangeTee & Tie research and consultancy head Christine Sun said leasing activities picked up significantly for both the private and public housing sectors last month.
Adapted from The Business Times 10 April 2019