Private condo rental volume slipped 10.8% in April

Prices were down 0.9% from last month.

The number of private condo rentals in April 2018 slipped by 10.8% to 4,287 units from 4,806 units in March, SRX Property revealed.

Flash data revealed that rental volume also fell 1.6% from last year's 4,355 units.

Meanwhile, prices dipped 0.9% from last month. Rents in core central region (CCR) and rest of central region (RCR) fell 1.1% and 2% respectively, whilst prices outside central region (OCR) rose by 0.2%.

Compared to last year, rents dipped 0.8%. In individual sectors, CCR, RCR and OCR posted a 1.3%, 1.1% and 0.2% decrease respectively.

Rents in April 2018 were 19.6% down compared to its peak in January 2013.

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