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Property Data13 Jun 2018

Both Non-Landed Private Rents and HDB Rents increase by 0.2% in May 2018

A. Non-Landed Private Residential Rental Market

1. Private rents increase by 0.2% in May.
 According to SRX Property Price Index for Non-landed Private Residential Rentals, rents increased by 0.2% in May 2018 compared to April 2018. Non-Landed Private Residential units rents in CCR remained unchanged, while those in RCR and OCR increased by 0.4% and 0.2% respectively.

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

  • Year-on-year, rents in May 2018 increased by 0.8% from May 2017. In individual sectors, CCR, RCR and OCR posted a 1.0%, 0.5% and 0.8% increase respectively.

  • Rents in May 2018 were 18.9% down compared to its peak in January 2013.


2. Rental volume decreases by 3.2%.
 According to SRX Property, an estimated 4,674 Non-landed Private Residential units were rented in May 2018. This represented a 3.2% decrease from 4,831 units rented in April 2018.

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  • Year-on-year, rental volume in May 2018 was 5.2% lower than 4,929 units rented in May 2017.


B. HDB Rental Market

1. HDB rents increase by 0.2%. According to SRX Property Price Index for HDB Rentals, rents increased by 0.2% from April 2018 to May 2018. HDB 3 Rooms and HDB Executive decreased by 0.4% and 0.7% respectively, while HDB 4 Rooms and HDB 5 Rooms increased by 1.1% and 0.2% respectively.

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According to SRX Property Price Index for HDB Rentals:

  • Year-on-year, rents in May 2018 were down by 2.7% from May 2017.

  • Rents in May 2018 were down 15.3% compared to its peak in August 2013.


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

  • Rents in Mature increased by 0.6%, while those in Non-mature Estates decreased by 0.3%.

  • Year-on-year, both rents of Mature Estates and Non-mature Estates in May 2018 slipped 2.7% from May 2017.

 

2. HDB rental volume decreases by 12.0%. According to SRX Property, an estimated 1,885 HDB flats were rented in May 2018.  This represented a 12.0% decrease from 2,142 units rented in April 2018.

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  • Year-on-year, rental volume in May 2018 decreased by 1.6% from May 2017.

 




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