Condo, HDB rental volumes tumble again in August; rents hold: SRX

According to SRX, August’s estimated rental volume of 2716 for private condo units and 1025 HDB units was the lowest since February 2014 and lowest since December 2010 respectively. These sharp decline were a result of the a slowdown in economic activities coupled with retrenchment of foreign workers. The closing of borders and airspace also contributed to a sharp decline in the rental market.


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