Condo, HDB rental volumes may be bottoming out but rents could soften further: The Straits Times

In the private non-landed residential rental market, May 2020 rental decline 1.4% from a year ago. In terms of transaction volume, it has remained relative stable over the same period last year but as compared to it’s peak in January 2013, rental volume were down 17.3%. Market observers are expecting rental demand to pick up once travel restrictions are gradually lifted although economic outlook might still remain bleak.

Source: https://www.straitstimes.com/business/property/condo-hdb-rental-volumes-may-have-bottomed-out-in-may-but-rents-could-soften

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