RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Private condo rents dropped 0.5% in June

CCR and OCR rents declined.

Rents for private non-landed residential properties dropped 0.5% in June, according to data released today by SRX Property.

Rents for units in CCR and OCR declined by 0.8% and 0.7%, respectively, while rents for RCR properties were unchanged.

An estimated 3,777 units were rented last month, representing a 1% increase from the 3,739 units rented in May.

Year-on-year, rents have dropped by 6.5% while volume jumped 15.4%.

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