by OrangeTee & Tie Pte Ltd.

Condo, HDB rents extend rise in March as rental volumes rebound: SRX

SRX Rental Data

SRX Rental Data

Singapore, 14 Apr 2021

More condominium units and Housing Board (HDB) flats were leased in March while rents continued to rise, as landlords opened their homes for viewing after the Chinese New Year lull and tenants flocked back to the market.

Rental volume for condo apartments rose to an eight-month high last month, surging by 32.4 per cent to an estimated 5,118 units, compared with 3,865 units in February, according to flash data from real estate portal SRX released on Wednesday (April 14).

Similarly, rental volume for HDB flats hit a nine-month high, increasing by 41.2 per cent last month to an estimated 1,983 flats, compared with 1,404 units in February.

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