Condo And HDB Rents Rise In January On Lower Volume; Coronavirus Outbreak May Hit Leasings

Source: https://www.straitstimes.com/business/property/condo-resale-prices-up-but-virus-outbreak-may-hit-sales

Leasing volume decline while rental prices increased when comparing month-on-month and year-on-year.  This is mainly because the reduction in supply far outweighs the decline in demand.  With the current coronavirus situation, ERA Realty head of research and consultant expects a temporal softening of the rental market, though a rebound is expected when the situation stablises or improves.  Singapore is expected to remain a top destination for investment in the long term.

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