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Property Data15 May 2019

Non-Landed Private Residential Rents Rise 0.6% in April 2019 and Up 2.4% Year-on-Year. HDB Rental Prices Down 0.1% in April But Up 0.3% Year-on-Year

A. Non-Landed Private Residential Rental Market
1. Overall rents increase by 0.6% from March 2019. CCR, RCR and OCR increased 0.9%, 1.0% 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 2.4%
  •  Rents were down by 17.2% from the peak in January 2013
  •  All regions rentals increase year-on-year. CCR by 2.8%, RCR by 2.3% and OCR by 2.0%
2. Volume decreases by 5.0% from March 2019. An estimated 4,970 units were rented in April 2019 as compared to 5,229 units in the preceding month.

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  •  Year-on-year, rental volume in April 2019 was 3.6% lower than 5,157 rental units recorded in April 2018

B. HDB Rental Market
1. HDB rents decrease 0.1% from March 2019. 3 Rooms and 4 Rooms rent fell by 0.4% and 0.3% respectively, while 5 Rooms rose by 0.5%. Executive rents stagnated. Mature Estates rents decreased by 0.4% while those in Non-Mature Estates increased by 0.2% as compared to March 2019.

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    According to the SRX Property Price Index for HDB Rentals:

  •  Year-on-year, rents increased by 0.3%
  •  Rents were down by 15.1% from the peak in August 2013.
  •  Mature Estates rentals increased by 0.6%, while Non-Mature Estates decreased by 0.1% year-on-year
  •  Monthly change in index value for March 2019 was revised to 0.2% from 0.3%.
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2. HDB rental volume decreases  by 11.0%. An estimated 2,006 HDB flats were rented in April 2019 versus 2,254 units in March 2019.

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  •  Year-on-year, rental volume was 11.4% lower than 2,264 units rented in April 2018.
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ON TRACK
Property Data 14 May
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Property Data 09 May
HDB Resale Volume Increases By 16.5% in April 2019; Prices Ease Slightly
HDB Resale Volume Increased but Prices Eased Slightly in 2019 April
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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

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