Results across regions, room-types a mixed bag for both markets.
Condo rents edged up 0.3% YoY in October compared to a year earlier, with the jump in Outside of Central Region (OCR) rents largely offset by decreases in condo rent prices in the Core Central Region (CCR) and Rest of Central Region (RCR).
Compared to October 2019. CCR and RCR dropped by 1.6% YoY and 1.8% YoY respectively, whilst OCR rents increase by 3.2%YoY .
Condo rents in October also recorded 0.3% MoM climbed from September, with RCR and OCR rents rising by 0.6% MoM and 0.3% MoM, respectively, whilst CCR rents decrease by 0.2% MoM.
Overall, condo rent prices are down 16.8% from the peak in January 2013.
Volume-wise, condo rentals increase 6.3% MoM in October for a total of 4,409 units moves, compared to the