Thursday, April 11, 2013

Non-landed home rents climbed a measly 2%

Singapore Business Review
RESIDENTIAL PROPERTY | Staff Reporter, Singapore
Published: 10 APRIL 2013

But rents in CCR dipped 1.1%.

According to SRX, based on a weighted average of PSF price changes in each of the 3 regions, overall rental prices for non-landed private residential in Mar 2013 remained largely unchanged from Feb 2013.

Rental prices went up by 2.0% in RCR for the month of Mar compared with Feb. In contrast, rents in the CCR fell by 1.1%. Rents in OCR remained largely unchanged.

Here's more from SRX:

On a quarterly basis, only RCR has seen a rental price increase of 3.5%, with both CCR and OCRs' rents held constant.

Against the backdrop of softening prices and stronger rental performances, rental yield has been on a rise across all regions in March. As at March, RCR showed the highest gross yield of 3.84%, followed by OCR's 3.74%. CCR's 3.13% is the lowest among the three.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

No comments:

Post a Comment