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Property Data13 Feb 2019

Non-Landed Private Residential Rents Increase by 1.9% and HDB Rents Increase by 0.3% in January 2019

A. Non-Landed Private Residential Rental Market

1. Non-Landed Private Residential rents increase by 1.9% in January 2019. Non-Landed Private Residential rents increase by 1.9% in January 2019 compared to December 2018. In individual sectors, CCR, RCR and OCR recorded a rent increase of 1.1%, 2.3% and 2.1% respectively.

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According to SRX Property Price Index for Non-Landed Private Residential Rentals:
  •  Year-on-year, rents in January 2019 increased by 1.9% from January 2018.
  •  Rents in January 2019 were down by 17.9% from its peak in January 2013.
  •  In January 2019, RCR and OCR recorded a year-on-year rent increase of 2.5% and 2.8%, while CCR posted a 0.1% decrease from January 2018.
  •  Monthly change in index value for December 2018 was revised to 0.2% from -0.2%.
2. Non-Landed Private Residential rental volume increases by 18.3%. An estimated 4,373 Non-Landed Private Residential units were rented in January 2019. This represents a 18.3% increase from 3,698 units rented in December2018. 

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  •  Year-on-year, rental volume in January 2019 was 4.5% lower than 4,579 units rented in January 2018.

B. HDB Rental Market

1. HDB rents increase by 0.3% in January 2019. HDB rents increase by 0.3% in January 2019 compared to December 2018. HDB 4 Rooms, HDB 5 Rooms and HDB Executive recorded a rent increase of 0.3%, 1.2% and 0.7% respectively, while HDB 3 Rooms rents decreased by 0.8%. Rents in Mature Estates increased by 0.6% while those in Non-mature Estates decreased by 0.1% as compared to December 2018.

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According to SRX Property Price Index for HDB Rentals:

  •  Year-on-year, rents in January 2019 increased by 0.3% from January 2018.
  •  Rents in January 2019 were down by 15.1% from its peak in August 2013.
  •  In January 2019, Mature Estates recorded a year-on-year rent increase of 1.5%, while Non-mature Estates posted a decrease of 1.1% from January 2018.
  •  Monthly change in index value for December 2018 remained unchanged at 0.6%.
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2. HDB rental volume increases by 7.2%.
 An estimated 1,864 HDB flats were rented in January 2019. This represents a 7.2% increase from 1,738 units rented in December 2018.

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  •  Year-on-year, rental volume in January 2019 was 3.8% lower than 1,937 units rented in January 2018.
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Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.
Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.
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HDB Resale Prices Remain Unchanged at 0.0% and Resale Volume Decreases by 15.8% in February 2019
HDB Resale Prices Remained Unchanged but Resale Volume Decreased in February 2019
Property Data 13 February
Non-Landed Private Residential Rents Increase by 1.9% and HDB Rents Increase by 0.3% in January 2019
Both Non-Landed Private Residential Rents and HDB Rents Increased in January 2019

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