Rental prices of condos slipped 1.5% in October
Lowest recorded level since June 2012.
According to SRX, based on the non-landed residential rental SPI sub-index, overall rental prices for non-landed private residential in October dropped by 1.5% from September, representing the lowest rental price level since June 2012. This represents a drop of 4.2% since the rental price peak in January of this year.
On a regional basis, rental prices in the CCR and OCR softened by 1.3% and 1.9% respectively, while RCR's rents remained flat;