Condo and HDB rents up; rental volume surges

It’s a non secret that real estate activities picks up after a usually quiet festive season for the month of February. Rental index increase by 0.3% for condo and 0.2% for HDB month-on-month. The volume of transaction risen as well by 40%-60%. Analyst expect this trend to last till third quarter of the year. Compared to the peak of January 2013, rental in the city state is more affordable by 17.7%.

Main contributor of the demand comes from hospitality industry with the ongoing expansion of Marina Bay Sands and Resort World Sentosa.

 

 

Source: https://www.straitstimes.com/business/property/condo-and-hdb-rents-up-rental-volume-surges-srx

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