Prices of condos down 1.1% in September

Biggest monthly drop this year.

According to SRX Flash Report, based on the non-landed residential rental SPI sub-index, overall rental prices for non-landed private residential (condos) in September slipped by 1.1% from August, registering the biggest monthly rental price drop since the start of this year.

On a regional basis, rental prices in all three regions trended downwards, led by CCR's 1.9% drop.

On average, gross rental yield of non-landed residential units in different regions ranged between 3.1% and 3.9% in 2013Q3, down from the yield band of 3.3% to 4.2% seen in the same quarter of last year.

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