A. Non-Landed Private Residential Rental Market
1. Private rents decrease by 0.6%. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents in May 2016 decreased by 0.6% compared to April 2016. Rentals in Non-Landed Private Residential in CCR, RCR and OCR decreased by 0.8%, 0.4% and 0.5%, respectively.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in May 2016 were down by 5.2% from May 2015. In individual sectors, CCR, RCR and OCR posted 1.5%, 8.1% and 6.5% year-on-year decrease in price, respectively.
- Rent in April 2016 was 16.5% down compared to its peak in January 2013.
2. Rental volume increases by 5.8%. According to SRX Property, an estimated 4.400 Non-landed Private Residential units were rented in May 2016. This represented a 5.8% increase from 4,158 units rented in April 2016.
- Year-on-year, rental volume in May 2016 was 14.4% higher than 3,845 units rented in May 2015.
B. HDB Rental Market
1. HDB rents remain the same in May. According to SRX Property Price Index for HDB Rentals, rents in May 2016 is flat compared to April 2016. HDB 3 Rooms rents remained the same while HDB 4 Rooms increased by 0.4%. HDB 5 Rooms and Executive rents posted a 0.1% and 1.5% decrease, respectively.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in May 2016 were down by 3.8% from May 2015.
- Rents in May 2016 were down 9.7% 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 Estates decreased by 0.3% while that of Non-Mature Estates increased by 0.4%.
- Year-on-year, rents of Mature Estates in May 2016 slipped 3.7% from May 2015.
- Year-on-year, rents of Non-mature Estates in May 2016 dropped 4.0% from May 2015.
2. HDB rental volume increases by 1.5% in April. According to SRX Property, an estimated 2,005 HDB flats were rented in May 2016, a 1.5% increase from 1,975 units rented in April 2016.
- Year-on-year, rental volume in May 2016 increased by 2.0% from May 2015.
Source: SRX