164 views
Photo by Sidekix Media on Unsplash

Condo rents climb for 19th consecutive month

It rose by 1.7% MoM in July.

Condo rents climbed for the 19th consecutive month in July, rising 1.7% MoM and 23.5% YoY.

According to data from 99.co and SRX, rents also climbed across all regions, with the Outside Central Region (OCR) posting the highest increase of 2.2% MoM, followed by the Rest of Central Region (RCR) with 1.7% MoM, and the Core Central Region (CCR) with 1.2% MoM.

On a year-on-year basis, OCR also had the highest increase (26.3% YoY), followed by the RCR (21.6% YoY), and the CCR (21.8% YoY).

Volumes likewise rose in July, increasing 5.3% MoM to 4,809 units. The volume, however, was 2.9% YoY lower than the same period last year and 9.1% lower than the five-year average volume for July.

Of the total volume, 38.1% were from the OCR, 35.7% were from RCR and 26.2% were from CCR.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!