SINGAPORE - Non-landed private rents fell 0.6 per cent in May, with a year-on-year decrease of 6 per cent, according to the SRX Property data report.
Rental volume fell by 3 per cent with only 3,337 non-landed private residential units rented in May as compared to 3,439 in April. Year-on-year, rental volume in May 2015 is 6.2 per cent higher than that in May 2014.
Meanwhile the HDB rental market stayed flat in May compared to April.
HDB 3- and 5-room flats posted a 0.5 per cent and 1.1 per cent decrease in rents respectively, while 4-room and executive flats saw a 0.4 per cent and 2.0 per cent increase in rents respectively.
Year-on-year, rents in May 2015 are down 2.3 per cent from May 2014.
HDB rental volume increased by 1.6 per cent with an estimated 1,798 HDB flats rented in May 2015, as compared to 1,770 units rented in April 2015.
Year-on-year, rental volume in May 2015 is 3.6 per cent higher than that in May 2014.
Wednesday, Jun 10, 2015
SRX Property
Source: AsiaOne