A. Non-Landed Private Residential Rental Market
1. Private rents increase by 0.1% in April. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 0.1% in April 2017 compared to March 2017. Non-Landed Private Residential units rents in CCR increased by 2.3%, while in RCR and OCR decreased by 0.2% and 1.3% respectively.
B. HDB Rental Market
1. HDB rents increase by 0.1%. According to SRX Property Price Index for HDB Rentals, rents increased by 0.1% from March 2017 to April 2017. HDB 3 Rooms, HDB 5 Rooms and HDB Executive increased by 0.1%, 0.4% and 2.2% respectively. On the other hand, HDB 4 Rooms decreased by 0.7%.
1. Private rents increase by 0.1% in April. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 0.1% in April 2017 compared to March 2017. Non-Landed Private Residential units rents in CCR increased by 2.3%, while in RCR and OCR decreased by 0.2% and 1.3% respectively.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in April 2017 were down by 3.6% from April 2016. In individual sectors, CCR, RCR and OCR posted 1.8%, 3.6% and 5.0% year-on-year decrease in price, respectively.
- Rents in April 2017 were 19.0% down compared to its peak in January 2013.
- Price index is down 0.2% on year-to-date basis from January 2017.
- No revision for price change in March 2017.
- Year-on-year, rental volume in April 2017 was 15.8 % lower than 4,336 units rented in April 2016.
B. HDB Rental Market
1. HDB rents increase by 0.1%. According to SRX Property Price Index for HDB Rentals, rents increased by 0.1% from March 2017 to April 2017. HDB 3 Rooms, HDB 5 Rooms and HDB Executive increased by 0.1%, 0.4% and 2.2% respectively. On the other hand, HDB 4 Rooms decreased by 0.7%.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in April 2017 were down by 4.3% from April 2016.
- Rents in April 2017 were down 13.6% compared to its peak in August 2013.
- Year-to-date, rental price index has declined by 1.0% from January 2017.
- Price change was revised from -0.5% to -0.6% in March 2017.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature Estate increased by 0.4% and Non-mature Estates decreased by 0.3%.
- Year-on-year, rents of Mature Estates in April 2017 slipped 4.2% from April 2016.
- Year-on-year, rents of Non-mature Estates in April 2017 dropped 4.5% from April 2016.
- Year-on-year, rental volume in April 2017 decreased by 21.4% from April 2016.