According to a statement made by SRX Properties on December 9th, there was a 1.1% decline for Singapore private home rents for last month from the previous months, with there also being a decrease seen in rental volume.
It was a different scenario in the Housing Development Board market, where a fall was seen in rents even with a rise in rental volume.
Tang Group Redhill MRT Condo
According to the flash estimates provided by SRX, the Core Central Region and Outside Central Region saw a fall in rents for private non-landed units of 0.7% for last months, from the month previous. The Rest of Central Region saw home rentals drop 2%.
According to SRX, in comparison to just one year ago, a drop by 5.6% was seen in November for non-landed private home rents, a figure that is 14.6% lower than was seen during its peak in January of …