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Property Data10 Apr 2019

Rental Price and Volume in March 2019 Trend Upwards for Both Non-Landed Private Residential and HDB

A. Non-Landed Private Residential Rental Market
1. Overall rents increase by 0.3% from February 2019. CCR rents increased 2.3%, while RCR and OCR rents decreased by 0.8% and 0.1% respectively.

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

  •  Year-on-year, rents increased by 1.5% from March 2018
  •  Rents were down by 17.7% from the peak in January 2013
  •  All regions recorded a year-on-year rent increase. CCR by 1.6%, RCR by 0.3% and OCR by 2.5%

2. Volume increases by 41.4% from February 2019. An estimated 5,184 Non-Landed Private Residential units were rented in March 2019.

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  •  Year-on-year, rental volume in March 2019 was 1.3% lower than 5,250 units rented in March 2018.


B. HDB Rental Market

1. HDB rents increase by 0.2% as compared to previous month.
 HDB 4 Rooms and Executive rose by 0.8% and 0.8% respectively, while 3 Rooms and 5 Rooms dropped by 0.3% and 0.5% respectively. Rents in Mature Estates increased by 0.7% and those in Non-mature Estates decreased by 0.5% versus February 2019.

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According to the SRX Property Price Index for HDB Rentals:

  •  Year-on-year, overall HDB rents increased by 0.5%
  •  Rents were down by 15.1% from the peak in August 2013
  •  Mature Estates rents increased 1.0%, while Non-mature Estates decreased by 0.2% from March 2018.
  •  Monthly change in index value for February 2019 was revised to -0.1% from 0.0%.

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2. HDB rental volume increases. An estimated 2,220 HDB flats were rented in March 2019 representing a 58.3% increase from February 2019.

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  •  Year-on-year, rental volume was 5.4% lower than 2,346 units rented in March 2018.
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ON TRACK
Property Data 10 April
Rental Price and Volume in March 2019 Trend Upwards for Both Non-Landed Private Residential and HDB
Rental Price and Volume in March 2019 Trend Upwards for Both Non-Landed Private Residential and HDB
Property Data 09 April
SRX SPI Edges 0.1% Higher in March 2019; Non-Landed Private Residential Resale Volume Highest Since July 2018
SRX SPI Edges 0.1% Higher in March 2019; Non-Landed Private Residential Resale Volume Highest Since July 2018
Property Data 04 April
HDB Resale Volume Jumps 26% In March 2019. Prices Also Rise, With SRX SPI For HDB Resale At Its Highest Level Since August 2018
Highest HDB Resale Volume Jumps 26% In March 2019. Prices Also Rise, With SRX SPI For HDB Resale At Its Highest Level Since August 2018
Property Data 13 March
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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