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.
Investors and potential buyers to invest The Florence Residences can look forward a healthy rental yield when the project is completed in a few years time. Rental rates will be greatly boosted by the close proximity to the Cross Island Line Hougang MRT Interchange
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