Singapore, 10 Mar 2021 The climb out of the pandemic-induced rut appears to be on track with rental volume for both Housing Board flats and condominium units recording another month of increases in January this year.
Condo rentals rose 11.3 per cent last month to an estimated 4,747 units, compared with 4,266 units in December last year, according to flash data from real estate portal SRX Property released on Wednesday.
Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics, said it is not surprising to find rental volumes rebounding, with the Covid-19 situation improving in Singapore and progressive changes being made to reopen the country for international travel.
"More Singaporeans and permanent residents have been returning to Singapore and many require short- to mid-term accommodation," she said.