Year-on-year, private non-landed rents down 5.0% last month compared with Jan 2016, with the smallest decline seen in CCR
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.
According to SRX Property Price Index for HDB Rentals:
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.
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
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.