A. Non-Landed Private Residential Rental Market
1. Private rent prices flat. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents remained the same in April 2016 compared to March 2016. Breaking down by sectors, rents for Non-landed Private Residential units in CCR remained the same, rents in RCR increased by 0.1% while OCR experienced a decrease in rents by 0.1%.
2. HDB rental volume decreases by 2.2% in April. According to SRX Property, an estimated 2,048 HDB flats were rented in April 2016, a 2.2% decrease from 2,093 units rented in March 2016.
1. Private rent prices flat. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents remained the same in April 2016 compared to March 2016. Breaking down by sectors, rents for Non-landed Private Residential units in CCR remained the same, rents in RCR increased by 0.1% while OCR experienced a decrease in rents by 0.1%.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in April 2016 were down by 5.4% from April 2015. In individual sectors, CCR, RCR and OCR posted 1.9%, 8.2% and 6.8% year-on-year decrease in price, respectively.
- Rent in April 2016 was 16.1% down compared to its peak in January 2013.
- Year-on-year, rental volume in April 2016 was 10.5% higher than 3,578 units rented in April 2015.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in April 2016 were down by 4.3% from April 2015.
- Rents in April 2016 were down 9.9% compared to its peak in August 2013.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature and Non-Mature Estates experienced a 0.3% and 0.9% decrease respectively in April 2016.
- Year-on-year, rents of Mature Estates in April 2016 slipped 3.9% from April 2015.
- Year-on-year, rents of Non-mature Estates in April 2016 dropped 4.8% from April 2015.
2. HDB rental volume decreases by 2.2% in April. According to SRX Property, an estimated 2,048 HDB flats were rented in April 2016, a 2.2% decrease from 2,093 units rented in March 2016.
Source: SRX