HDB, private homes’ rental prices decline further in December: SRX Property Housing and Development Board (HDB) flats saw a 0.4 per cent decline in rental prices in December compared with the previous month, while private homes saw a 0.8 per cent decline. Source: Channel News Asia / Singapore SINGAPORE: Rental prices for Housing and Development Board (HDB) flats fell 0.4 per cent in December from the previous month, while rents for private homes fell for the 11th consecutive month, according to SRX Property. Four-room, five-room and executive flats saw rental prices decline by 0.7 per cent, 0.6 per cent and 0.3 per cent, respectively. Three-room flats, in contrast, saw a pick-up in rental prices by 0.4 per cent. Year-on-year, rental prices for HDB flats in December were down 2.1 per cent, and were down 4.4 per cent compared with its peak in August 2013. Non-mature estates saw a bigger decline in rents, with prices down 6.2 per cent from its peak in October 2012. Rental prices of mature estates in December were down 3.3 per cent from its peak in February 2013. Rental volume also declined, with an estimated 1,619 flats rented last month, a 4 per cent decrease from the 1,687 units rented the previous month. However, on a year-on-year basis, rental volume increased 2.3 per cent compared with the 1,582 units rented in December 2013. PRIVATE HOMES’ RENTS DOWN FOR 11TH MONTH Rental prices in the non-landed private residential market fell 0.8 per cent on-month in December, the 11th consecutive month of decline, according to SRX Property. Units in the Core Central Region, Rest of Central Region and Outside of Central Region saw rental prices decline by 1.2 per cent, 0.6 per cent and 0.3 per cent, respectively. Year-on-year, rental prices for non-landed private homes were down 5.3 per cent, and were down 10.1 per cent from its peak in January 2013. Rental volume fell 2 per cent on-month, with an estimated 2,968 units rented in December, down from the 3,026 units rented the previous month. On a year-on-year basis, rental volume was up 14.1 per cent compared with the 2,601 units rented in December 2013. - CNA/cy channelnewsasia/news/singapore/hdb-private-homes-rental/1588876.html Read More at: https://sites.google/a/dwg.sg/research/home/2015/january-2015/15th-january-2015
Posted on: Fri, 16 Jan 2015 02:31:42 +0000
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