Singapore condo rents dip again in June


Rents for private non-landed homes for June slipped 0.2%, as compared to the rents in May. According to flash data from real estate portal SRX, data shows that private home rents were lower in June compared to May. The Private Rental Index also indicated that it was down from 111.2 to 110.9 in June.

 

The core central region (CCR) was down by 0.5 per cent, followed by the rest of central region (RCR) which was down by 0.9 per cent and the rents in outside central region (OCR) also fell by 1.1 per cent. 
 
As compared to last year’s rent during the same period, overall rents increased and were increased by 1.9 per cent higher: 2.7% increase for CCR, 2.1% increase for RCR and a 1% increase in OCR. The number of condominiums and private apartments leased in June were down by 4.2 per cent from May, with an estimated of 4,704 units rented out.
 
Capture
Source: SRX Property

 
*Core Central Region (District 1, 2, 4, 9, 10 and 11)
*Rest of Central Region (District 3, 4, 5, 7, 8, 12, 13, 14, 15, 20)
*Outside Central Region (District 16-19 and District 21-28)
 
districtc
 

District 1 & 2

Project Name

Marina One

Wallich Residence

Marina Bay Suites

V on Shenton

1-bedroom

$4,000

$6,500

-

$3,542

2-bedroom

$5,700

-

-

$4,820

3-bedroom

$8,000

-

$6,978

-

 

 

 

 

 

 

 

District 3

Project Name

The Crest

Echelon

Alex Residences

1-bedroom

$3,000

$2,600

$2,575

2-bedroom

-

$3,916

$3,475

3-bedroom

$5,000

$4,316

$4,375

 

 

 

 

 

District 9

Project Name

8 St Thomas

OUE Twin Peaks

Sophia Hills

Rivergate

1-bedroom

$3,375

$3,386

$2,820

-

2-bedroom

-

$6,666

$2,725

$5,400

3-bedroom

-

$7,757

$4,300

$6,091

 

 

 

 

 

 

District 10

Project Name

D’Leedon

Gramercy Park

Goodwood Grand

The Draycott

1-bedroom

$2,900

-

-

-

2-bedroom

$3,750

$7,000

-

$4,500

3-bedroom

$5,125

$9,000

$7,100

$6,625

 

 

 

 

 

 

District 11

Project Name

L’viv

Trilight

Lincoln Suites

1-bedroom

$2,910

-

$2,700

2-bedroom

-

$4,500

$4,500

3-bedroom

-

$8,500

-

 

 

 

 

 

District 15

Project Name

SliverSea

The Meyerise

One Amber

1-bedroom

-

-

$2,450

2-bedroom

$4,133

$3,300

$3,250

3-bedroom

$6,150

$4,600

$4,014