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Rental rents volumes slip by way of 0.9% in January

An estimated 6,285 devices have been rented right through the month. 

Rental rents volumes dipped by way of 0.9% month-on-month to six,285 devices in January, down from 6,345 devices within the earlier month, the SRX and 99.co reported. 

“Rental condominium volumes in January 2023 have been not up to the similar duration remaining 12 months and five-year moderate,” Pow Ying Khuan, Head of Analysis, 99 Crew, mentioned.

“In the meantime, condominium persisted emerging nevertheless it’s posting the bottom building up within the remaining 11 months.”

Learn extra: Rental resale costs slip in January: file

Rents rose by way of 1.4percentMoM and 33.2% year-on-year in January, the file famous. 

Additionally, Housing Construction Board (HDB) rents grew by way of 12.2percentMoM to two,819 HDB residences, up from 2,513 devices in December 2022. 

“For the HDB condominium marketplace, volumes rebounded by way of 12.2% month-on-month, however they have been nonetheless under five-year moderate stage and not up to January 2022,” he mentioned. 

“In relation to HDB condominium index, it’s emerging by way of 0.6% within the month – making this the bottom building up since 15 months in the past.”

 

Supply By way of https://sbr.com.sg/residential-property/information/condo-rents-volumes-slip-09-in-january