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Condo, HDB rents see bump in prices, volume as more VTLs open

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Singapore’s rental markets are seeing some uplift as border restrictions ease and more countries get added to the Vaccinated Travel Lane (VTL) scheme, property analysts noted on Wednesday (Dec 15).

For the month of November, rents and the number of condominiums and Housing Board flats rented rose from October, flash figures from SRX Property and 99.co showed.

Condo rents climbed 1.1 per cent on the month and were 10 per cent higher year on year, but still 7.9 per cent lower than the peak achieved in January 2013.

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