Rental transaction volume went up in 2019, with rates up by 3.3 per cent year-on-year. Core Central Region (CCR) rental rates increase by 5.1 per cent. Neu at Novena will see a strong attraction from tenant since it is so close to MRT and amenities. Healthcity Novena will also generate ready pool of tenants and this is the reason why it is almost fully snapped up since its launch in Oct-2019 because it is a rarity in today’s market to find a brand new freehold condo near to MRT station.
Source: The Straits Times
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