A. Non-Landed Private Residential Rental Market
1. Private rents decrease by 0.4% in August. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.4% in August 2017 compared to July 2017. Non-Landed Private Residential units rents in CCR and OCR decreased by 0.7% and 1.1% respectively, while those in RCR increased by 0.7%.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in August 2017 were down by 2.5% from August 2016. In individual sectors, CCR, RCR and OCR posted 3.5%, 2.3% and 2.1% year-on-year decrease in price, respectively.
- Rents in August 2017 were 19.2% down compared to its peak in January 2013.
- Price index is down 0.4% on year-to-date basis from January 2017.
- Price change remained unchanged at 0.2% in July 2017.
2. Rental volume decreases by 10.4%. According to SRX Property, an estimated 4,271 Non-landed Private Residential units were rented in August 2017. This represented an 10.4% decrease from 4,766 units rented in July 2017.
- Year-on-year, rental volume in August 2017 was 5.6% lower than 4,524 units rented in August 2016.
B. HDB Rental Market
1. HDB rents remain unchanged. According to SRX Property Price Index for HDB Rentals, rents remain unchanged from July 2017 to August 2017. HDB 3 Rooms and HDB 4 Rooms decreased by 0.1% and 0.5% respectively, while HDB 5 Rooms increased by 0.9%. HDB Executives remained unchanged.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in August 2017 were down by 3.8% from August 2016.
- Rents in August 2017 were down 13.8% compared to its peak in August 2013.
- Year-to-date, rental price index has declined by 1.3% from January 2017.
- Price change was revised from -0.1% to -0.3% in July 2017.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature Estate decreased by 0.2%, while that in Non-mature Estates increased by 0.2%.
- Year-on-year, rents of Mature Estates in August 2017 slipped 3.7% from August 2016.
- Year-on-year, rents of Non-mature Estates in August 2017 dropped 3.8% from August 2016.
2. HDB rental volume decreases by 6.4%. According to SRX Property, an estimated 1,658 HDB flats were rented in August 2017. This represented an 6.4% decrease from 1,772 units rented in July 2017.
- Year-on-year, rental volume in August 2017 decreased by 7.5% from August 2016.