Rents for Singapore properties may weaken further even as rental volume bottoms out

Kopar At Newton News 12 june 2020 kopar at newton
Kopar At Newton News 12 june 2020 kopar at newton 2
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Source : The Business Times

https://www.straitstimes.com/business/property/rents-may-weaken-further-even-as-rental-volume-bottoms-out

 

Although the circuit breaker has been in placed rental transactions for both private and HDB properties has been inked. Renters are rather open to virtual viewing or just by looking at still images. Unfortunately even these group of transactions, rental volume has bottomed out during this time and leasing prices has continued to slide further. For private residential the volume fell about 45.7% M-O-M while HDB properties has fallen 25.8-35.3 depending on flat type. Will this continue trending this way towards the 2nd quarter of 2020? How would this affect the future rental prices of Kopar At Newtonwhere investors will purchase to lease it out. I guess this will not affect much as the TOP is still a distance away.

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