Rents of non-landed private homes rose

RENTS of non-landed private homes in Singapore rose 0.5 per cent in June 2017 over the preceding month, while rents of HDB flats retreated 0.6 per cent over the same period, according to the latest flash estimates for June released by SRX Property on Wednesday.

The rental index for private apartments and condos has contracted 3.2 per cent year on year from June 2016. From its peak in January 2013, the index has lost some 19.1 per cent. Executive condo owners may sublet their unit after fulfilling the MOP. Upcoming executive condo launches include Hundred Palms Residences EC, Anchorvale Lane EC,  while existing ones include Parc Life ECSignature at Yishun,  Brownstone ECVisionaire ECInz Residence EC, The Criterion EC and Northwave EC, The Terrace EC,  The Vales EC, , Sol Acres EC and The Bellewoods EC.

SRX Property estimated that 4,250 non-landed private homes were rented last month – down 8.8 per cent from the 4,661 units rented in May 2017 and also 7.3 per cent lower than the 4,587 units rented in June 2016.

SRX Property’s rental index for HDB flats in June 2017 was down 4 per cent year on year as well as 13.5 per cent below its peak in August 2013.

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