Private home rentals down for the 11th consecutive month in December!

By The Folks @PropTalk - January 14, 2015 No Comments

Rental prices in the non-landed private residential market fell 0.8% on-month in December, the 11th consecutive month of decline, according to SRX Property.
Units in the Core Central Region, Rest of Central Region and Outside of Central Region saw rental prices decline by 1.2%, 0.6% and 0.3%, respectively.
Year-on-year, rental prices for non-landed private homes were down 5.3%, and were down 10.1% from its peak in January 2013.
Rental volume fell 2% on-month, with an estimated 2,968 units rented in December, down from the 3,026 units rented the previous month. On a year-on-year basis, rental volume was up 14.1% compared with the 2,601 units rented in December 2013.
Source: CNA

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