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Rents in prime areas head south
Sun, Mar 22, 2009
The Straits Times

By Joyce Teo, Property Correspondent

Tenants looking for apartments in prime districts are having it good as rents there head south.

Right now, rentals of these units are falling faster than those in the mass market.

Among the reasons: New supplies have entered the market. A number of new condominiums have sprung up in prime districts - many of which have been bought by investors planning to rent out their units - in the past year.


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