Rents across all residential property types, Housing Board (HDB) flats and condominiums, increased in both rental rates and volume. This shows that demand for rental units is increasing which in turns signify a improvement in property market. Rents increased in all areas be it the Core Central Region, Rest of Central Region and Outside Central Region. This data shows a very healthy real estate market in Singapore.
The Penrose future buyers and investors can expect a good rental yield when the project is projected to completed in a few years time. Rental rates will be greatly boosted by the close proximity to the East West Green Line – Aljunied MRT
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