Condo rental prices edges up 1.5% MoM in July

 Overall rental prices also increased by 3.1% YoY.

Condo rental prices increased by 1.5% month-on-month (MoM) in July, with CCR, RCR, and OCR seeing a rise of 0.6%, 1.1%, and 2.1%, respectively, according to 99.co and SRX report.

Year-on-year (YoY), overall rental prices increased by 3.1%. During the same period, CCR, RCR, and OCR increased by 3%, 2.5%, and 2.7%, respectively.

Rental volumes jumped 30.2% MoM as an estimated 8,691 units were rented during the month. OCR accounted for 39.1% of rentals, RCR 33.1%, and CCR 27.8%.

Meanwhile, HDB rental prices increased by 3.2% YoY.

Prices in mature and non-mature estates increased by 3.5% and 2.8%, respectively.

By room type, rental prices for 3-room, 4-room, 5-room, and executive flats rose 3.2%, 3.7%, 2.2%, and 3.1%, respectively.

Rental volumes also increased by 4.6% YoY.

In July, 4-room flats made up 38.3% of rentals, followed by 3-room at 30.7%, 5-room at 24.8%, and executive flats at 6.2%.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia