109 views
Photo by Joylynn Goh on Unsplash

June sees mixed condo rental market

Rents fell 4.7% YoY, but volume rose 3.5% YoY.

Condo rents dropped by 4.7% YoY in June, data from 99.co and SRX showed.

Rents also fell across sub-markets, led by the Core Central Region (CCR), which saw a 5.7% YoY drop.

The Rest of Central Region (RCR)  and Outside Central Region (OCR) reported a 4.6% YoY and 3.9% YoY rental drop, respectively. 

Month-on-month, there was no change in the overall rents. Breaking down by regions, CCR and RCR posted decreases of 1.2% MoM and 0.3% MoM, respectively, whilst OCR reported a 0.8% MoM rent increase.

On the other hand, rental volumes rose in June, increasing by 3.5% YoY and 16.8% MoM to 6,020 units. 

The latest record, however, was 4.2% below the five-year average volume for June.

Of the total volume, 37.5% was from the OCR, 32.9% from RCR, and 29.6% from CCR.

Follow the link s for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.