Near-zero rental growth expected this year, after condo rents dip 1.7% y-o-y in 2024: Savills

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Near-zero rental growth expected this year, after condo rents dip 1.7% y-o-y in 2024: Savills

Although private housing rents recorded a modest rebound in 4Q2024, inching up 0.2% q-o-q in the last three months last year, landlords should expect rental growth to be flat this year, according to a market report by Savills Singapore. The relatively poor performance of the non-landed private residential market in the first three quarters of 2024 largely contributed to rents falling by 1.7% over the whole of 2024. This represents the first full…