Non-Landed Private Rents decrease by 0.6% while HDB Rents decrease by 0.3% in September 2016

 in CCR and OCR decreased by 1.8% and 0.3% respectively. On the other hand, RCR increased by 0.2%.

According to SRX Property Price Index for Non-landed Private Rentals:

• Year-on-year, rents in September 2016 were down by 4.6% from September 2015. In individual sectors, CCR, RCR and OCR posted 2.8%, 4.6% and 6.0% year-on-year decrease in price, respectively.
• Rents in September 2016 was 17.6% down compared to its peak in January 2013.

 According to SRX Property, an estimated 3,716 Non-landed Private Residential units were rented in September 2016. This represented a 14.2% decrease from 4,329 units rented in August 2016.



●      Year-on-year, rental volume in September 2016 was 8.5% higher than 3,426 units rented in September 2015.


B. HDB Rental Market

1. HDB rents decrease by 0.3%. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.3% from August 2016 to September 2016. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and Executive decreased by 0.7%, 0.1%, 0.4% and 0.8% respectively.

According to SRX Property Price Index for HDB Rentals:

• Year-on-year, rents in September 2016 were down by 4.5% from September 2015.
• Rents in September 2016 were down 10.8% 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 decreased by 0.5% and 0.1% respectively.
• Year-on-year, rents of Mature Estates in September 2016 slipped 4.6% from September 2015.
• Year-on-year, rents of Non-mature Estates in September 2016 dropped 4.3% from September 2015.

2. HDB rental volume decreases by 11.3%. According to SRX Property, an estimated 1,491 HDB flats were rented in September 2016, a 11.3% decrease from 1,680 units rented in August 2016.

●      Year-on-year, rental volume in September 2016 decreased by 14.4% from September 2015.