HDB rents rise 0.1% in August, lowest in almost 2 years; condo rents down 1%

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HDB rents rise 0.1% in August, lowest in almost 2 years; condo rents down 1%
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The 0.1 per cent rise in HDB rents in August is the lowest since October 2021. Read more at straitstimes.com.

SINGAPORE - Rents for Housing Board flats inched up by 0.1 per cent in August, the lowest increase in nearly two years, with analysts noting that this could be a sign of a potential slowdown in HDB rents.

The 0.1 per cent rise in HDB rents in August is the lowest since October 2021, when rents went up by 0.2 per cent. Property analysts cited factors such as waning rental demand and an increased supply of new homes as reasons for the slowdown in HDB rental prices and the dip in condo rents.

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