Housing Board (HDB) flat prices were also up in July, rising 1.4 per cent from the previous month.
Rental volumes were 11.4 per cent higher year on year, and 3.8 per cent higher than the five-year average volumes for the month of July.
Rental volumes were 11.4 per cent higher year on year, and 3.8 per cent higher than the five-year average volumes for the month of July. However, year on year, overall rents decreased 5 per cent from July 2023. By region, prices were down 6.3 per cent in the CCR, and 4.4 per cent in both the OCR and RCR.
Nevertheless, Mr Luqman noted that more condo rental supply might open up in the rest of the year and prices could drop again or stabilise. Meanwhile, Housing Board flat prices were also up in July, rising 1.4 per cent from the previous month.By room type, prices were up 1.7 per cent for three-room flats, 1.5 per cent for executive flats, 1.2 per cent for five-room flats and 1.1 per cent for four-room flats.
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