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Property Data09 May 2018

Non-Landed Private Rents decrease by 0.9%, HDB Rents increase by 0.4% in April 2018

A. Non-Landed Private Residential Rental Market

1. Private rents decrease by 0.9% in April. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.9% in April 2018 compared to March 2018. Non-Landed Private Residential units rents in CCR and RCR decreased by 1.1% and 2.0% respectively, while those in OCR increased by 0.2%.

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

  • Year-on-year, rents in April 2018 decreased by 0.8% from April 2017. In individual sectors, CCR, RCR and OCR posted a 1.3%, 1.1% and 0.2% decrease respectively.

  • Rents in April 2018 were 19.6% down compared to its peak in January 2013.

  • Price change remain unchanged at -0.2% in March 2018.


2. Rental volume decreases by 10.8%. According to SRX Property, an estimated 4,287 Non-landed Private Residential units were rented in April 2018. This represented a 10.8% decrease from 4,806 units rented in March 2018.

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  • Year-on-year, rental volume in April 2018 was 1.6% lower than 4,355 units rented in April 2017.


B. HDB Rental Market

1. HDB rents increase by 0.4%. According to SRX Property Price Index for HDB Rentals, rents increased by 0.4% from March 2018 to April 2018. HDB 3 Rooms, HDB 4 Rooms and HDB 5 Rooms increased by 0.4%, 0.3% and 0.2% respectively, while HDB Executives decreased by 1.5%.

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According to SRX Property Price Index for HDB Rentals:

  • Year-on-year, rents in April 2018 were down by 1.8% from April 2017.

  • Rents in April 2018 were down 15.2% compared to its peak in August 2013.

  • Price change increased from -0.8% to -0.6% in March 2018.  


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

  • Rents in Mature and Non-mature Estates increased by 0.3% and 0.4% respectively.

  • Year-on-year, rents of Mature Estates in April 2018 slipped 2.0% from April 2017.

  • Year-on-year, rents of Non-mature Estates in April 2018 dropped 1.5% from April 2017.

 

2. HDB rental volume decreases by 13.7%. According to SRX Property, an estimated 1,883 HDB flats were rented in April 2018.  This represented a 13.7% decrease from 2,182 units rented in March 2018.

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  • Year-on-year, rental volume in April 2018 decreased by 4.3% from April 2017.




 

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