by OrangeTee & Tie Pte Ltd.

Condo rentals rose 0.9% in January

SRX Rental Data

January 2020

Singapore, 12 Feb 2020

Rentals in condos and private apartments increased by 0.9% in January from December 2019. Rents in the Core Central Region (CCR) saw the highest growth with 1.4%. 

Orange Tee & Tie Head of Research and Consultancy Christine Sun associated the higher rental price on fewer private homes being completed last year and the removal of some stock to make way for new housing units. 

Ms Sun also said that the fall in rental volume could be due to less condo viewing opportunities in January as it is not the peak rental season. It usually occurs around the second or third quarter of the year.

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