Chart of the Day: Condo rent volumes dipped 3.5% in Jan-Feb

Transaction volumes might further drop following social-distancing measures.

This chart from Knight Frank revealed that the number of rental contracts for condos declined by 3.5% YoY in January to February 2020. March volumes are however expected to taper off further due to the reduced demand from travel restrictions globally.

“With the restrictions on show-flats with the social-distancing measures and reduced viewings, we anticipate the transaction volume to decrease,” the report stated.

Meanwhile, market rents stayed flat as the impact of the pandemic is likely to have been felt more in March, when travel restrictions extended to more countries and social distancing measures were implemented.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley