SINGAPORE - Rents for private apartments and Housing Board flats continued their decline amid the Covid-19 outbreak, according to flash data released by real estate portal SRX Property on Wednesday .Year on year, rents for private apartments in June fell for the core central region and rest of central region by 0.7 per cent and 2.2 per cent respectively.
Ms Christine Sun, Orange Tee & Tie's head of research and consultancy, noted that the decrease in rents is considered marginal. June's rental volume for these private apartments is still 13 per cent lower from a year ago, and 4.3 per cent off the five-year average volume for the month. Of these leasing in May, 35.3 per cent are for four-room flats, 33.9 per cent for three-room units, 25.4 per cent for five-room units, and 5.4 per cent for executive flats.
Looking ahead, observers say the rental market could continue to be dampened by the economic outlook, even as more Singaporeans are renting apartments.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Condo resale volumes recovering with prices stable in June: SRXRESALE prices of non-landed private homes were stable in June, with sales volume recovering from the previous month, according to flash figures from real estate portal SRX Property on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Condo resale volumes recovering with prices stable in June: SRXRESALE prices of non-landed private homes were stable in June, with sales volume recovering from the previous month, according to flash figures from real estate portal SRX Property on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong Disneyland to Close Again After Surge in Coronavirus CasesHong Kong Disneyland was shut down in January amid the coronavirus outbreak in Asia, but reopened to the public on June 18
Source: YahooSG - 🏆 3. / 71 Read more »
Hong Kong tourism enjoys mini-revival but number of visitors nearly 100 per cent down on last yearHONG KONG — Hong Kong tourism enjoyed a mini-revival in June with 80 per cent more visitors than the previous month, but that was still nearly 100 per cent down on 2019.
Source: TODAYonline - 🏆 1. / 99 Read more »
Online claims about lack of action on alleged leaks, water contamination in DBSS flat ‘untrue’: HDBSINGAPORE – It is
Source: TODAYonline - 🏆 1. / 99 Read more »
Online claims about lack of action on alleged leaks, water contamination in DBSS flat ‘untrue’: HDBSINGAPORE: It is 'untrue' that authorities did not take action to address online claims by a woman that there were leaks and water contamination ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »