A. Non-Landed Private Residential Rental Market
1. Private rents remain the same. According to SRX Property Price Index for Non-landed Private Residential Rentals remained the same in June 2016 compared to May 2016. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.4% and 0.3% respectively while RCR increased by 0.8%.
2. Rental volume increase by 2.0%. According to SRX Property, an estimated 4,256 Non-landed Private Residential units were rented in June 2016. This represented a 2.0% increase from 4,172 units rented in May 2016.
2. HDB rental volume decreases by 0.5% in June. According to SRX Property, an estimated 1,826 HDB flats were rented in June 2016, a 0.5% decrease from 1,836 units rented in May 2016.
1. Private rents remain the same. According to SRX Property Price Index for Non-landed Private Residential Rentals remained the same in June 2016 compared to May 2016. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.4% and 0.3% respectively while RCR increased by 0.8%.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in June 2016 were down by 4.8% from June 2015. In individual sectors, CCR, RCR and OCR posted 1.4%, 7.6% and 6.0% year-on-year decrease in price, respectively.
- Rent in June 2016 was 16.4% down compared to its peak in January 2013.
2. Rental volume increase by 2.0%. According to SRX Property, an estimated 4,256 Non-landed Private Residential units were rented in June 2016. This represented a 2.0% increase from 4,172 units rented in May 2016.
- Year-on-year, rental volume in June 2016 was 7.9% higher than 3,946 units rented in June 2015.
B.HDB Rental Market
1. HDB rents decrease by 0.3% in June. According to SRX Property Price Index for HDB Rentals, rents decrease by 0.3% from May 2016 to June 2016. HDB 3 Rooms and HDB 4 Rooms decrease by 1.3% and 0.3% respectively. HDB 5 Rooms and Executive rents posted a 0.3% and 0.2% increase, respectively.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in June 2016 were down by 4.3% from June 2015.
- Rents in June 2016 were down 10.1% 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 0.1% and 0.6% respectively.
- Year-on-year, rents of Mature Estates in June 2016 slipped 4.0% from June 2015.
- Year-on-year, rents of Non-mature Estates in June 2016 dropped 4.7% from June 2015.
2. HDB rental volume decreases by 0.5% in June. According to SRX Property, an estimated 1,826 HDB flats were rented in June 2016, a 0.5% decrease from 1,836 units rented in May 2016.
- Year-on-year, rental volume in June 2016 decreased by 0.3% from June 2015.
Source: SRX