Condo rental prices down 1% in February

All three regions posted a decline.

According to SRX Private Residential Flash Report, based on the private non-landed residential rental SPI sub-index, overall rental prices in February saw a further drop of 1.0% despite a temporary rebound in January.

All three regions saw negative rental price changes in February. RCR's rents were 1.9% down. Rents in the CCR and OCR regions dropped by 0.6% and 1.3% respectively.

2,442 rental contracts were signed in February, down 6.6% from January. However, on a y-o-y basis, February's rental volume posted a 19.1% increase from the 2,051 units leased out in the same month of last year.

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