Condo, HDB Rents In July See First Uptick Since February But Demand sShows Covid-19 Impact


Although HDB rental rates rose in July by 1.4%, it’s volume was down 19.1% in the same period to 1,435 units.  When compared to a year ago, it was down 31.6% and also 25.7% down from the 5-year average.  Due to travel restriction and closing of borders, we had seen a sharp contraction in rental volume across all residential markets.

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