Non-landed private homes in Singapore saw a rose in rental by 0.3 per cent during March since February, although rents in the HDB sector saw only 0.2 per cent increment.
From February to January, the rental market for HDB fell by 0.1 per cent whereas the private residential sector remains unchanged. Showing a better outlook in the private residential sector.
During the last month, rental activities have increased significantly, largely contributed by the private residential sector.
With 5,184 private residential units rented in March, the transactions rose 41.4 per cent since the previous month whereas HDB rental increased by 58.3 per cent, with only two thousand over units rented.
Based on the past trends, the leasing activities will usually pick up in March after the Chinese New Year period in February.
Researchers predict an increased in rental demand due to the expansion of Orchard, Jurong and Changi