RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Private condominium rentals dip 1.8% in October

Rental volume rose to 4,169 units.

The price of private condominium rentals dipped by 1.8% YoY in October, the Singapore Real Exchange (SRX) revealed.

According to flash data, in individual sectors, Central Core Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) posted 1.9%, 2.5% and 1.3% YoY decrease in price, respectively.

Rents in October 2017 were 19.7% down compared to its peak in January 2013.

Meanwhile, the rental volume increased by 4% from 4,010 units last year to 4,169 units.

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