Private rentals flat in April, down 6% y-o-y: SRX

By The Folks @PropTalk - May 13, 2015 No Comments

Rentals for non-landed private residential units remained unchanged in April from the previous month, according to the latest data released by SRX Property on Wednesday (May 13).

Units in the Core Central Region experienced a 0.7% increase in rents, but those in the Rest of Central Region and Outside Central Region saw decreases of 0.1% and 0.7%, respectively, according to the data.

On a year-on-year basis, rents in April were down 6%, and down 11.2% compared with its peak in January 2013, it added.

Rental volume dropped 11.9% from March's 4,111 units rented to April's estimated 3,621 units, SRX Property said.

Source: CNA


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