Rental prices for non-landed private residences fell by 0.5 per cent in June compared to May, according to flash estimates released by SRX Property on Wednesday (Jul 15).
Non-landed private property units in the Core Central Region and Outside Central Region saw rental prices fall by 0.8 per cent and 0.7 per cent, respectively, while units in the Rest of Central Region saw no change.
June’s rents were down 6.5 per cent year-on-year, and down 12.4 per cent from its peak in January 2013, SRX Property said.
An estimated 3,777 units were rented in June, a 1 per cent increase from the 3,739 units rented in the previous month.
Year-on-year, rental volume was 15.4 per cent higher than the 3,273 units rented in June 2014.
HDB RENTS UP SLIGHTLY
HDB rental prices rose 0.1 per cent in June compared to the previous month. HDB 3- and 5-Room flats posted a 0.3 and 1.2 per cent increase in rents, respectively, said SRX Property.
In contrast, rental prices of 4-Room and Executive flats both fell by 0.5 per cent month-on-month.
Year-on-year, rents in June were down 1.8 per cent, and 6.1 per cent compared with its peak in August 2013. Rents in mature estates remain unchanged, while non-mature estates posted a 0.1 per cent increase.
There were 1,902 HDB flats rented in June, almost unchanged from the 1,900 units rented in the previous month.
Source : Channel NewsAsia – 15 Jul 2015