Condo and HDB rents inch up in April, more units leased out
SINGAPORE - Rents for condominium units increased by 1 per cent in April after a dip in March, while rents for Housing Board flats inched up by 0.8 per cent.
An estimated 3,183 HDB flats were rented out in April, up 5.8 per cent from 3,009 units in March, according to flash figures released on Wednesday by property portals 99.co and SRX. That said, ERA Realty Network key executive officer Eugene Lim noted that landlords are still expecting high rents to cushion the effect of higher monthly mortgage payments.
Mr Lim said escalating rents in central Singapore have compelled some tenants to relocate to similar-sized units in the city fringes, which led to a slight drop in demand for flats in the city area. For instance, in April, a four-bedroom unit in Ardmore Residence, located in Orchard, commanded a monthly rent of $38,000, while a similar-sized unit in Caribbean at Keppel Bay could be rented for $14,000 per month.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Number of condo units resold falls by 17.9% in April as prices go up by 1.2%SINGAPORE – Fewer resale condominium units changed hands in April, while prices inched up by 1.2 per cent, according to flash data released by real estate portals 99.co and SRX on Tuesday. Read more at straitstimes.com.
Read more »
May 2023 BTO launch: Nearly 3,000 HDB flats for sale in TengahTwo HDB projects will be launched in Tengah as part of the May 2023 BTO sales exercise. Will you be balloting?
Read more »
Red Dot United: Elderly couple shares their struggles with HDB housing loan - Singapore NewsThe couple who bought their three-room HDB flat in 1999 and are still paying off their mortgages claim that they are struggling to pay their monthly housing loan as they are unemployed
Read more »
Yet another monitor lizard scales 3 floors of HDB block, this time at Punggol - Singapore NewsOne eyewitness said that it seemed the lizard desired a place to rest and was not actively seeking food or causing harm
Read more »
4 ways an essential occupier can help with your HDB BTO or resale flat purchase, grants, etc.Buying an HDB flat, be it BTO or resale, can be challenging, especially given the various criteria to meet. But all hope is not lost — having an essential occupier can help you with your HDB flat purchase. But first, let us explain more about the essential occupier. According to HDB, an essential occupier (or core occupier) is a family...
Read more »
May 2023 HDB BTO launch review: Ultimate guide to choosing the best unitBTO launches are always an exciting time for homeowners, and this latest May 2023 BTO launch is no different. There are more units launched this time as compared to the previous February 2023 BTO launch, and we're looking at 5,495 flats up for grabs, sprawled across five projects in the estates of Bedok, Kallang Whampoa, Serangoon, and Tengah. What makes...
Read more »