Ready to Buy, Sell or Rent?
Download App to transact.
Forgot your password?

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at

Shortlisted Properties

Project Name Price Size PSF Type Remove
Save to PDF

SRX Research

Non-Landed Private Rents up 1.3% in Jan; HDB Rents down 0.6% in January 2017

Posted on 15 Feb 2017

Like this post on Facebook:
Year-on-year, private non-landed rents down 5.0% last month compared with Jan 2016, with the smallest decline seen in CCR

A. Non-Landed Private Residential Rental Market

1. Private rents increase by 1.3% in January. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 1.3% in January 2017 compared to December 2016. Non-Landed Private Residential units rents in CCR, RCR and OCR increased by 0.9%, 1.6% and 1.3% respectively.



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

  • Year-on-year, rents in January 2017 were down by 5.0% from January 2016. In individual sectors, CCR, RCR and OCR posted 2.9%, 6.1% and 5.7% year-on-year decrease in price, respectively.
  • Rents in January 2017 was 18.9% down compared to its peak in January 2013.
  • Price change in December 2016 was revised from -1.3% to -1.4%.

2. Rental volume increases by 5.8%.
 According to SRX Property, an estimated 3,813 Non-landed Private Residential units were rented in January 2017. This represented a 5.8% increase from 3,605 units rented in December 2016.

  • Year-on-year, rental volume in January 2017 was 0.7% higher than 3,785 units rented in January 2016.

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 December 2016 to January 2017. HDB 4 Rooms, HDB 5 Rooms and HDB Executive decreased by 0.8%, 1.5% and 0.3% respectively. On the other hand, HDB 3 Rooms increased by 0.2%.



According to SRX Property Price Index for HDB Rentals:
  • Year-on-year, rents in January 2017 were down by 4.8% from January 2016.
  • Rents in January 2017 were down 12.7% compared to its peak in August 2013.
  • Price change was revised from 0.2% to 0.1% in December 2016.



According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:

  • Rents in Mature Estate decreased by 0.4% and Non-mature Estates decreased by 0.8%.
  • Year-on-year, rents of Mature Estates in January 2017 slipped 5.1% from January 2016.
  • Year-on-year, rents of Non-mature Estates in January 2017 dropped 4.5% from January 2016.

2. HDB rental volume decreases by 16.1%. According to SRX Property, an estimated 1,427 HDB flats were rented in January 2017, a 16.1% decrease from 1,701 units rented in December 2016.

  • Year-on-year, rental volume in January 2017 decreased by 27.7% from January 2016.

Like this post on Facebook:
Share on Facebook
Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.