Rental prices for private homes in Core Central Region inched 2.1% higher

It's approaching the October 2007 peak.

According to SRX, based on a weighted average of PSF price changes in each of the 3 regions, overall rental prices for non-landed private residential in Apr 2013 slipped by 1.0% from Mar 2013.

Rental prices dropped in both RCR and OCR, by 4.4% and 0.9% respectively. In the CCR, rents picked up by 2.1% to $4.79 PSF, which is approaching the high of $4.82 PSF in October 2007.

Rental yields softened in both RCR and OCR, while yields in CCR continued its climb to reach 3.25%. Despite yield softening, RCR still showed the highest gross yield of 3.73% as at April, followed by OCR's 3.68%.

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