SINGAPORE - Condo and private apartment rental prices declined 0.4 per cent in August compared to July, according to SRX Property's most recent Price Index report.
Year-on-year, rents in August 2015 were down 5.7 per cent from August 2014.
Rental volume for the sector also slipped by 1.6 per cent in August with an estimated 4,097 units rented compared to 4,163 units rented in July.
Year-on-year, rental volume in August 2015 was 13.8 per cent higher than the 3,601 units rented in August 2014.
Meanwhile, HDB rents dropped by 0.6 per cent in August from July. Year-on-year, rents in August 2015 were down 3.6 per cent from August 2014.
Rents in mature estates experienced a 0.8 per cent decrease, while rents in non-mature estates posted a 0.4 per cent decline in August 2015.
Year-on-year, rents of non-mature estates in August 2015 dropped 4.4 per cent while rents of mature estates slipped 3.7 per cent.
HDB rental volume decreased by 6.1 per cent with an estimated 1,646 HDB flats rented in August 2015, from 1,752 units rented in July 2015.
Year-on-year, rental volume in August 2015 is almost flat compared to 1,668 units rented in August 2014.
Wednesday, Sep 09, 2015
SRX Property
Source: AsiaOne