Condo rental volume jumps by 2% in June

An estimated 4,256 units were rented.

An uptick is in the books for Singapore condo rentals last month, as more citizens rented units in June compared to only 4,172 units rented last May.

According to estimates from SRX Property, rental volume is also up by 7.9% year-on-year, with only 3,946 units rented last month.

Meanwhile, private rental prices remained the same in June compared to the previous month.

“Non-Landed Private Residential units rents in CCR and OCR decreased by 0.4% and 0.3% respectively while RCR increased by 0.8%,” SRX Property said.

Additionally, rents in June 2016 were down by 4.8% from June 2015. In individual sectors, CCR, RCR and OCR posted 1.4%, 7.6% and 6.0% year-on-year decrease in price, respectively.

“Rent in June 2016 was 16.4% down compared to its peak in January 2013,” SRX Property noted.

Join Singapore Business Review community
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.

Top News

AI keeps Singapore factories firing
Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.
Airwallex raises $320m in Series H funding round
Airwallex plans to expand into new markets and scale its AI teams.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.