Source: Singapore Business Review, 15 May 2019
Condo rental prices rose 2.4% year on year and 0.6% month on month for Apr 2019, with the Core Central Region (CCR) registering the most gain at 2.8%, while the Rest of Central Region (RCR) and Outside Central Region (OCR) were up 2.3% and 2% respectively.
In fact, overall rents have been improving since October last year, recording an increase of 3.8% from Oct 2018 to Apr 2019. Property experts have also noted a rising number of expat tenants from the financial, medical, IT and MICE industries.
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