Rents continue to be down 15.2% from the January 2013 summit.
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Rents at the Core Central Region (CCR) saw the most significant growth since it travelled up 5.1percent YoY, followed by the remainder of Central Region (RCR) in 2.9% and Outdoor Central Area (OCR) in 2.4% over precisely the exact same period.
On a MoM foundation, CCR rents climbed 0.9percent YoY, OCR rents remained flat, although RCR rents dipped 0.4 percent.
Slimming down by areas, OCR accounted for 40.4percent of their quantity, 32.1% is from RCR, and 27.5% stems from CCR.
On the flip side, HDB rents likewise edged up 2.4% YoY and 0.4% MoM in February, down 13.2% from the August 2013 summit. Executive area rents that stayed apartment, three-room rents climbed 2.2% YoY, four-room climbed 3.1% YoY and five-room by 2.1% YoY.
Four-room forms accounted for 36.1% of total rental quantity, 32 percent is from three-room units, 25.5% from five-room and 6.4% from executive area.
“New contracts continued to flow in as the majority of the new hires were probably confirmed prior to the virus epidemic,” said Christine Sun, head of consultancy & research of OrangTee & Tie. “Given the tight supply of private housing distribution, some landlords could increase or preserve their asking rents a month”
Sun also included that some renters opted to stay put within their present units and revived their tenancy contracts since they might be hesitant to scout for a different place.
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