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.