Rental Volume Up, Prices Down for private homes

http://www.channelnewsasia.com/news/singapore/private-home-resale/1351262.html

As for rental transactions, the number of non-landed private homes rented out last month was 3,539 – a 3.6 per cent increase from July. Year-on-year, rental volume improved by 25 per cent from the 2,831 contracts signed in August 2013, according to SRX.

However, rental prices continued their fall, slipping 0.6 per cent from the previous month – the seventh consecutive month of decline.

The decline was greatest in the Core Central Region at 2 per cent, while prices in the Outside Central Region fell 1.1 per cent. Prices in the Rest of Central Region, however, rose marginally by 0.4 per cent.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s