Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven

Remembering Lee Kuan Yew - Thank you - The nation with you in your final journey - See u in heaven
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Tuesday, 12 May 2015

Singapore condo rents flat in April but fall in number of units leased: SRX Property


Singapore condo rents flat in April but fall in number of units leased: SRX Property 



Singapore condo rents flat in April but fall in number of units leased: SRX Property 




Rents of private condominiums and apartments remained flat last month but fewer units were leased out, according to 

flash estimates released by SRX Property on Wednedsay. -- ST PHOTO: ALPHONSUS CHERN



SINGAPORE - Rents of private condominiums and apartments remained flat last month but fewer units were leased out, according to flash estimates released by SRX Property on Wednedsay.
Rents were unchanged in April from the previous month, after dipping a bigger-than-estimated 0.6 per cent in March, revised from an earlier estimate of 0.4 per cent.
Rents have hit a plateau after a 13-month losing streak, which was broken only in January this year.
Year on year, rents for non-landed residential property last month are down 6.0 per cent from April 2014, and 11.2 per cent lower compared with their last peak in January 2013.
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SRX Property said 3,621 non-landed units were rented in April, down 11.9 per cent from the big jump to 4,111 units in March, but 11.2 per cent higher compared with the 3,257 units leased a year ago.
Analysts attributing the hike in leases in March to tenants relocating to take advantage of falling rents.
Private condo and apartment rents have been hammered as a mounting supply of newly completed units have intensified leasing competition among landlords.
Rents of non-landed private residential units in the prime central areas (Core Central Region) rose 0.7 per cent in March. Rents in the city fringe (Rest of Central Region) fell 0.1 per cent, while rents in the suburbs (Outside Central Region) fell 0.7 per cent.
The Straits Times / Home                                          Published on Wednesday, 13 May 2015

By Phyllis Ho     

    
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My Tribute to Mr Lee Kuan Yew - Remembering Lee Kuan Yew - The world should know his stories, his contribution and his final journey - The Legend - He will be in the heart of every Singaporean 













    

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