A. Non-Landed Private Residential Rental Market
1. Private rents increase by 0.5% in June. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 0.5% in June 2017 compared to May 2017. Non-Landed Private Residential units rents in RCR and OCR increased by 1.4% and 0.5% respectively, while that in CCR decreased by 0.4%.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in June 2017 were down by 3.2% from June 2016. In individual sectors, CCR, RCR and OCR posted 3.0%, 2.7% and 3.9% year-on-year decrease in price, respectively.
- Rents in June 2017 were 19.1% down compared to its peak in January 2013.
- Price index is down 0.3% on year-to-date basis from January 2017.
- Price change was revised from -0.8% to -0.6% in May 2017.
2. Rental volume decreases by 8.8%. According to SRX Property, an estimated 4,250 Non-landed Private Residential units were rented in June 2017. This represented an 8.8% decrease from 4,661 units rented in May 2017.
- Year-on-year, rental volume in June 2017 was 7.3% lower than 4,587 units rented in June 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 May 2017 to June 2017. HDB 3 Rooms and HDB 5 Rooms decreased by 1.1% and 0.5% respectively, while HDB 4 Rooms and HDB Executive remained unchanged.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in June 2017 were down by 4.0% from June 2016.
- Rents in June 2017 were down 13.5% 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 0.7% to 0.8% in May 2017.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature Estate and Non-mature Estates both decreased by 0.6%.
- Year-on-year, rents of Mature Estates in June 2017 slipped 3.5% from June 2016.
- Year-on-year, rents of Non-mature Estates in June 2017 dropped 4.5% from June 2016.
- Year-on-year, rental volume in June 2017 decreased by 11.5% from June 2016.