Non-Landed Private Rents and HDB Rents decrease by 0.2% and 0.8% respectively in June 2018 | Singapore Property News

Non-Landed Private Rents and HDB Rents decrease by 0.2% and 0.8% respectively in June 2018

11 Jul 2018
Property Data

A. Non-Landed Private Residential Rental Market

1. Private rents decrease by 0.2% in June. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.2% in June 2018 compared to May 2018. Non-Landed Private Residential units’ rents in RCR increased by 0.7%, while those in CCR and OCR decreased by 1.0% and 0.3% respectively.

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

  • Year-on-year, rents in June 2018 decreased by 0.2% from June 2017. Rents in June 2018 were 19.3% down compared to its peak in January 2013.

  • In individual sectors, CCR and RCR posted a 0.8% and 0.2% decrease respectively while there is no change for OCR at 0.0%, as compared to June 2017.

  • Monthly change in index value for May 2018 was revised to 0.0% from 0.2%.

 

2. Rental volume decreases by 1.0%. According to SRX Property, an estimated 4,637 Non-landed Private Residential units were rented in June 2018. This represented a 1.0% decrease from 4,682 units rented in May 2018.

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  • Year-on-year, rental volume in June 2018 was 0.6% higher than 4,609 units rented in June 2017.


B. HDB Rental Market

1. HDB rents decrease by 0.8%. According to SRX Property Price Index for HDB Rentals, rents decreased by 0.8% from May 2018 to June 2018. HDB 3 Rooms, 4 Rooms and HDB Executive decreased by 0.7%, 1.6% and 0.9% respectively, while HDB 5 Rooms increased by 0.1%.

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According to SRX Property Price Index for HDB Rentals:

  • Year-on-year, rents in June 2018 were down by 2.9% from June 2017.

  • Rents in June 2018 were down 16.0% compared to its peak in August 2013.

  • Monthly change in index value for May 2018 remained unchanged at 0.2%.  


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

  • Rents in both Mature Estates and Non-mature Estates decreased by 1.3% and 0.3% respectively.

  • Year-on-year, rents of Mature Estates in June 2018 decreased by 3.1% from June 2017 and rents of Non-mature Estates in June 2018 slipped 2.6% from June 2017.


 

2. HDB rental volume decreases by 5.8%. According to SRX Property, an estimated 1,735 HDB flats were rented in June 2018.  This represented a 5.8% decrease from 1,841 units rented in May 2018.

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  • Year-on-year, rental volume in June 2018 decreased by 5.1% from June 2017.








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