Rental prices for private apartments have risen for 16 straight months, with a 15% year-on-year increase in April. Rents for HDB flats have climbed for 22 months, gaining 14% from a year ago in the latest month, the reports said.
SINGAPORE: Rents for Singapore’s private apartments and Housing Development Board (HDB) flats surged to record highs last month, according to local media, and expectations are that they will keep rising.
Condominium rents climbed 2.3% in April from a month earlier to surpass their previous peak reached in January 2013, while those for HDB flats increased 1.9% to exceed the record set in August 2013, the Business Times reported, citing data released by real estate portals 99.co and SRX Property.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
