A. Non-Landed Private Residential Rental Market
1. Private rents increase by 1.1% in February. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 1.1% in February 2017 compared to January 2017. Non-Landed Private Residential units rents in CCR, RCR and OCR increased by 1.2%, 0.8% and 1.2% respectively.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in February 2017 were down by 3.8% from February 2016. In individual sectors, CCR, RCR and OCR posted 2.9%, 4.4% and 3.9% year-on-year decrease in price, respectively;
- Rents in February 2017 was 18.1% down compared to its peak in January 2013;
- No price revision to price change of +1.1% in Jan 2017.
- Year-on-year, rental volume in February 2017 was 12.6% higher than 3,336 units rented in February 2016.
B. HDB Rental Market
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in February 2017 were down by 4.8% from February 2016.
- Rents in February 2017 were down 13.4% compared to its peak in August 2013.
- Price change was revised from 0.6% to 0.7% in January 2017.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature Estate decreased by 1.3% and Non-mature Estates decreased by 0.3%.
- Year-on-year, rents of Mature Estates in February 2017 slipped 5.5% from February 2016.
- Year-on-year, rents of Non-mature Estates in February 2017 dropped 4.1% from February 2016.
- Year-on-year, rental volume in February 2017 decreased by 12.4% from February 2016.