Chart of the Day: High-end rent getting cheaper?

Tracking by Savills revealed rents of high-end non-landed residential properties fell for four consecutive months.

Savills Research reported:

The rents of high-end non-landed residential properties tracked by Savills showed a four-month consecutive fall.

The average monthly rent dipped to S$5.03 per sq ft per month in Q2/2012, sliding 3% QoQ. On a YoY basis, prime rents fell by 8% from S$5.46 per sq ft per month in Q2/2011.