by OrangeTee & Tie Pte Ltd.

Condo and HDB rents down in June: SRX

SRX Rental Data

June 2020

Singapore, 15 Jul 2020

In the private rental market, rents in June dipped 0.6 per cent from May, according to flash data released by real estate portal SRX Property on Wednesday (July 15).

Ms Christine Sun, Orange Tee & Tie's head of research and consultancy, noted that the decrease in rents is considered marginal and explains how rents are still pretty resilient in many areas based on observations of more people renewing contracts or renting new apartments in recent months.

She also comments on the HDB rental market which saw rental volumes in June fall by 6.6 per cent compared to a year ago.

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