Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property Data13 Mar 2019

Rental Market Remains Stagnant in February 2019 for Non-Landed Private Residential and HDB. Volume in Both Markets Decreased.

A. Non-Landed Private Residential Rental Market
1. Non-Landed Private Residential rents unchanged from January 2019.
 OCR recorded a rent increase of 0.2%, while CCR and RCR rents decreased by 0.1% and 0.4% respectively.

1
2

According to the SRX Property Price Index for Non-Landed Private Residential Rentals:

  •  Year-on-year, rents increased by 1.0% from February 2018.
  •  Rents were down 18.0% from the peak in January 2013.
  •  RCR and OCR recorded a year-on-year rent increase of 1.0% and 2.3%, while CCR posted a 1.0% decrease from February 2018.
  •  Monthly change in index value for January 2019 was revised to 2.0% from 1.9%.

2. Non-Landed Private Residential rental volume decreases. An estimated 3,597 Non-Landed Private Residential units were rented in February 2019. This represents a 22.1% decrease from 4,618 units rented in January 2019.

3
  •  Year-on-year, rental volume was 6.8% lower than the 3,860 units rented in February 2018.

B. HDB Rental Market
1. HDB rents unchanged from January 2019. In the respective HDB room types, 3 Rooms and 5 Rooms recorded rent increases of 0.8% and 0.1%, while 4 Rooms and Executive rents decreased by 0.3% and 1.8%. Rents in Mature Estates decreased by 0.9% while those in Non-Mature Estates increased by 1.1% as compared to January 2019.

4
5

According to the SRX Property Price Index for HDB Rentals:

  •  Year-on-year, rents decreased by 0.3% from February 2018.
  •  Rents were down by 15.3% from its peak in August 2013.
  •  Mature Estates recorded a year-on-year rent decrease of 0.7%, while Non-Mature Estates posted an increase of 0.1% from February 2018.
  •  Monthly change in index value for January 2019 was revised to 0.2% from 0.3%.
6
7

2. HDB rental volume decreases. An estimated 1,388 HDB flats were rented in February 2019. This represents a 28.5% decrease from the 1,940 units rented inJanuary 2019.

8
  •  Year-on-year, rental volume was 9.6% lower than the 1,536 units rented in February 2018.


 

Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.