Private rental eased 0.6% in May, 6% y-o-y

By The Folks @PropTalk - June 10, 2015 2 Comments

Rent prices for non-landed private residences fell by 0.6% in May compared to April, according to the flash estimates released by SRX Property on Wednesday (Jun 10).
Non-landed private property units in Rest of Central Region fell by 0.6%, while units in the Outside Central Region saw a 1.5% dip. Core Central Region bucked the trend by registering a 0.2% increase in rents.
May's rents were down 6% year-on-year, and down 11.7% compared to its peak in January 2013. 
An estimated 3,337 non-landed private residential units were rented in May, a 3% decrease from the previous month. 
Year-on-year, rental volume is 6.2% higher than the 3,142 units rented in May 2014.
Source: CNA

2 comments to ''Private rental eased 0.6% in May, 6% y-o-y"

  1. Is rental yield a leading indicator?

  2. Hi Anonymous (June 10, 7:49PM), it would probably be for landlords, investors looking to buy to rent out and even for those who are currently renting. :)