A. Non-Landed Private Residential Rental Market
1. Private rents decrease by 0.6% in August. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.6% in August 2016 compared to July 2016. Non-Landed Private Residential units rents in RCR and OCR decreased by 0.6% and 1.5% respectively. On the other hand, CCR increased by 0.5%.
2. Rental volume increases by 3.4%. According to SRX Property, an estimated 4,595 Non-landed Private Residential units were rented in August 2016. This represented a 3.4% increase from 4,443 units rented in July 2016.
● Year-on-year, rental volume in August 2016 was 18.1% higher than 3,892 units rented in August 2015.
B. HDB Rental Market
1. HDB rents decrease by 0.6%. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.6% from July 2016 to August 2016. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and Executive decreased by 0.4%, 0.6%, 0.1% and 1.6% respectively.
2. HDB rental volume increases by 0.3%. According to SRX Property, an estimated 1,719 HDB flats were rented in August 2016, a 0.3% increase from 1,714 units rented in July 2016.
● Year-on-year, rental volume in August 2016 decreased by 4.1% from August 2015.
1. Private rents decrease by 0.6% in August. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.6% in August 2016 compared to July 2016. Non-Landed Private Residential units rents in RCR and OCR decreased by 0.6% and 1.5% respectively. On the other hand, CCR increased by 0.5%.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in August 2016 were down by 4.7% from August 2015. In individual sectors, CCR, RCR and OCR posted 0.6%, 5.7% and 7.1% year-on-year decrease in price, respectively.
- Rents in August 2016 was 17.2% down compared to its peak in January 2013.
2. Rental volume increases by 3.4%. According to SRX Property, an estimated 4,595 Non-landed Private Residential units were rented in August 2016. This represented a 3.4% increase from 4,443 units rented in July 2016.
● Year-on-year, rental volume in August 2016 was 18.1% higher than 3,892 units rented in August 2015.
B. HDB Rental Market
1. HDB rents decrease by 0.6%. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.6% from July 2016 to August 2016. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and Executive decreased by 0.4%, 0.6%, 0.1% and 1.6% respectively.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in August 2016 were down by 4.0% from August 2015.
- Rents in August 2016 were down 10.3% 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 1.0% and 0.2% respectively.
- Year-on-year, rents of Mature Estates in August 2016 slipped 4.0% from August 2015.
- Year-on-year, rents of Non-mature Estates in August 2016 dropped 3.9% from August 2015.
2. HDB rental volume increases by 0.3%. According to SRX Property, an estimated 1,719 HDB flats were rented in August 2016, a 0.3% increase from 1,714 units rented in July 2016.
● Year-on-year, rental volume in August 2016 decreased by 4.1% from August 2015.