Condo, HDB Rental Volumes May Be Bottoming Out But Rents Could Soften Further

Source: https://www.straitstimes.com/business/property/condo-hdb-rental-volumes-may-have-bottomed-out-in-may-but-rents-could-soften

Transaction volume for private residential showed a stark decline during the circuit breaker period.  From April to 1st June 202, a total of 1,270 caveats were lodged, a 69% reduction from the Q1 2020 total units sold of 4,162.  However, breaking down the volume transacted in the first and second month of circuit breaker, there is a significant increase in the 2nd month by 319 units, to 643.

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