Singapore, 13 Oct 2021 Rental price for both HDB flats and private condos increased, while rental volume for both markets dipped, based on flash data from 99.co and SRX.
Rents for condominium units in September increased by 0.7 per cent over August, after remaining flat for the past 3 months.
Christine Sun, senior vice-president of research and analytics at real estate firm OrangeTee & Tie, said the increase in rents despite lower demand could have been driven by a lack of home supply as many HDB resale flats and condos have been sold and taken off the rental market.