Non-Landed Private Rents decrease by 1.0%; HDB Rents decrease by 0.5% in March 2017.

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

• Year-on-year, rents in March 2017 were down by 3.9% from March 2016. In individual sectors, CCR, RCR and OCR posted 3.9%, 3.7% and 4.1% year-on-year decrease in price, respectively.
• Rents in March 2017 was 19.1% down compared to its peak in January 2013.
• Price change was revised from 1.1% to 0.7% in February 2017.

• Year-on-year, rental volume in March 2017 was 1.3% lower than 4,611 units rented in March 2016.

B. HDB Rental Market

1. HDB rents decrease by 0.5%. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.5% from February 2017 to March 2017. HDB 3 Rooms, HDB 4 Rooms and HDB Executive decreased by 1.1%, 0.2% and 2.7%. On the other hand, HDB 5 Rooms increased by 0.1%.

According to SRX Property Price Index for HDB Rentals:

• Year-on-year, rents in March 2017 were down by 5.1% from March 2016.
• Rents in March 2017 were down 13.9% compared to its peak in August 2013.
• No revision to price change of -0.5% in February 2017. 

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

• Rents in Mature Estate decreased by 0.5% and Non-mature Estates decreased by 0.5%.
• Year-on-year, rents of Mature Estates in March 2017 slipped 5.1% from March 2016.
• Year-on-year, rents of Non-mature Estates in March 2017 dropped 4.3% from March 2016.

 2. HDB rental volume increases by 32.1%. According to SRX Property, an estimated 2,045 HDB flats were rented in March 2017, a 32.1% increase from 1,546 units rented in February 2017.

• Year-on-year, rental volume in March 2017 decreased by 7.5% from March 2016.