by OrangeTee & Tie Pte Ltd.

Condo and HDB rents, leasing volume rise again in October: SRX data

SRX Rental Data

SRX Rental Data

SG, 11 Nov 2020

Rents for both Housing Board flats and condominium units continued to rise in October, while rental volume grew for the second month running, according to flash data from real estate portal SRX Property released on Wednesday (Nov 11). HDB rental volumes rose 13.9 per cent month on month to an estimated 1,734 units in October, from 1,523 units the month before.

"As most buyers have not been granted an extension of their OTPs, some have sold their homes to avoid paying the ABSD when they purchased a new condominium. They have subsequently rented a unit while they wait for the completion of their new home," Ms Sun said.

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