Published:
Condo rental volume slumps by 8.8%
Only 4,250 units were rented in June.
Despite the 0.5% increase in rents, non-landed properties saw rental volume slumped by 8.8% in June with only 4,250 units.
According to SRX Property, the figure in the said month is a decline from 4,661 units rented in May 2017. On a yearly basis, rental volume in June was 7.3% lower.
In terms of prices, units rents in RCR and OCR increased by 1.4% and 0.5% respectively, while that in CCR decreased by 0.4%.
On a yearly basis, rents in June were down 3.2%. In individual sectors, CCR, RCR and OCR posted 3.0%, 2.7% and 3.9% year-on-year decrease in price, respectively.
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