Singapore condo and HDB rents rise in March 2019; rental volume also up: SRX flash estimates

In a nutshell: Rental for non-landed private homes rose marginally at 0.3% month-on-month in February 2019. HDB rental market stayed relatively flat at -0.1% compared to previous month. For Year-on-Year basis, rents for non-landed private properties notched up 1.5% from February 2018, but still represent a drop of 17.7% as compared to January 2018. On positive note, rental transactions for private condo for rose 14.4% month-on-month, with HDB rental transaction showing healthier increase of 58.3%.



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