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SRX Property has released a new price index that found private rents in Singapore had decreased by 0.2% in June 2018. According to its price index for non-landed private residential rentals, rents decreased by 0.2% in June 2018 compared to May 2018. Meanwhile, non-landed private residential units’ rents in RCR (rest of central region) increased by 0.7%, while those in CCR (core central region) and OCR (outside central region) decreased by 1.0% and 0.3% respectively.
Other findings in the SRX Property price index for non-landed private residential rentals:
- Year-on-year, rents in June 2018 decreased by 0.2% from June 2017. Rents in June 2018 were 19.3% down compared to its peak in January 2013.
- In individual sectors, CCR and RCR posted a 0.8% and 0.2% decrease respectively while there is no change for OCR at 0.0%, as compared to June 2017.
- Monthly change in index value for May 2018 was revised to 0.0% from 0.2%.
Lead Photo /SRX Property
Table / SRX Property
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