Private condo rents dropped 0.5% in June
CCR and OCR rents declined.
Rents for private non-landed residential properties dropped 0.5% in June, according to data released today by SRX Property.
Rents for units in CCR and OCR declined by 0.8% and 0.7%, respectively, while rents for RCR properties were unchanged.
An estimated 3,777 units were rented last month, representing a 1% increase from the 3,739 units rented in May.
Year-on-year, rents have dropped by 6.5% while volume jumped 15.4%.