Private rental are softening, has the cooling measure taking effect?

Rents Slipped in February 2015

Private rents continued to fall. According to the SRX Property Price Index for Non-landed Private Residential Rentals, rents posted a drop of 0.8% in February 2015 compared to January 2015. Non-landed Private Residential units in CCR and RCR saw decreases in rents of 1.2% and 1.5% respectively. The rents in OCR stayed unchanged from January. Read more…