CONDOMINIUM and Housing and Development Board (HDB) rental prices continued to rise in January, flash estimates from SRX and 99.co released on Tuesday (Feb 28) showed.
Rents for the condo market climbed 1.4 per cent from December 2022, the lowest increase in the past 11 months. The growth is led by a 1.8 per cent month-on-month increase in the Core Central Region (CCR), while rentals for the Rest of Central Region (RCR) and Outside Central Region (OCR) rose on month by 1.7 and 0.8 per cent, respectively.
Commenting on the overall increase in rental prices for both the condo and HDB markets, OrangeTee senior vice-president of research and analytics Christine Sun said: “Growth has slowed down probably because rents have already run up quite significantly over the past year.”