A. Non-Landed Private Residential Rental Market
1. Overall rental prices decrease 0.9% from November 2019. RCR rents experienced a marginal 0.1% increase while CCR and OCR decrease by 1.7% and 1.1% respectively.
B. HDB Rental Market
1. December 2019 HDB rents increase 0.1% from November 2019. 4 Room and Executive rents rise by 0.6% and 1.1% respectively, while 3 Room rents fall by 1.4% and 5 Room rents remain flat. According to Town Maturity, Mature Estates rents increase by 0.2% while Non-Mature Estates rents decrease by 0.1%.
2. Volumes decrease 8.6% month-on-month. An estimated 1,753 HDB flats are rented in December 2019 versus 1,917 units in November 2019.
1. Overall rental prices decrease 0.9% from November 2019. RCR rents experienced a marginal 0.1% increase while CCR and OCR decrease by 1.7% and 1.1% respectively.
- For the whole of 2019, rents rise by 3.7%.
- Rents are down 16.6% from the peak in January 2013.
- Rentals in all regions increase year-on-year: CCR by 3.9%, RCR by 4.0% and OCR by 3.1%.
- Year-on-year, rental volumes are 1.2% higher.
- Volumes are also 13.6% higher than the 5-year average volume for the month of December.
- A total of 58,236 NLP rental transactions were recorded in 2019, which was 2.3% higher than 2018.
- Breaking down by regions, in December 2019, 43.3% of the volume comes from OCR, 30.5% comes from RCR and 26.3% comes from CCR.
B. HDB Rental Market
1. December 2019 HDB rents increase 0.1% from November 2019. 4 Room and Executive rents rise by 0.6% and 1.1% respectively, while 3 Room rents fall by 1.4% and 5 Room rents remain flat. According to Town Maturity, Mature Estates rents increase by 0.2% while Non-Mature Estates rents decrease by 0.1%.
- Year-on-year, rents increase by 1.3%.
- Rents are down 14.3% from the peak in August 2013.
- Except for 3 Room which experiences rents decrease of 0.3%, all room types experience rent increases year-on-year: 4 Room by 2.1%, 5 Room by 1.3% and Executive by 1.4%.
- Mature Estates and Non-Mature Estates rents increase year-on-year by 1.2% and 1.4%, respectively.
2. Volumes decrease 8.6% month-on-month. An estimated 1,753 HDB flats are rented in December 2019 versus 1,917 units in November 2019.
- Year-on-year rental volumes decrease 5.3% from December 2018.
- Volumes are also 2.4% lower than the 5-year average volume for the month of December.
- A total of 23,958 HDB rental transactions were recorded in 2019, which was 1.9% higher than 2018.
- Breaking down by room types, in December 2019, 35.9% of total rental volume comes from 4 Room, 32.7% from 3 Room, 25.2% from 5 Room and 6.2% from Executive.