Condo and HDB rents rise in January on lower volume; coronavirus outbreak may hit leasings: SRX Property

Non-landed private home rental prices rose 0.9% month-on-month in January 2020, though it down 0.5% in December last year. Comparing year-on-year, rental rose 2.9%. Though rental prices seem to be holding out well, the transaction volume have recorded a dipped by 4.9% month-on-month to 3,892 units. Depending on the development of coronavirus outbreak situation, we are expecting a temporal softening of the rental market in the coming months.

Source: https://www.straitstimes.com/business/property/condo-and-hdb-rents-rise-in-january-as-volume-for-both-shrink-srx

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