Flash estimates by SRX property show a shocking slide in Singapore rental rates. The company estimates that condominiums and private apartment rentals in Singapore continued to lose traction by an estimated 1.6% over the previous month. This brings a sharp decline of 6.2% for 2016 and a eye watering decline of 19.9% over the peak in January 2013. Rentals rates seemed to slide pretty much on par across Districts. HDB rental rates were spared slightly with an overall decline of 12% over the peak in August 2013. Year on year rental volume was up 17.1% in December.
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