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Property Data15 Jan 2020

NLP And HDB See Higher Rents, Bigger Volume In 2019 vs 2018

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.

non landed private rental price index 2019 december

non landed private rental price index by region 2019 december
  • 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%.
2. Volumes decrease 2.8% month-on-month. An estimated 4,011 units are rented in December 2019 as compared to 4,126 units in November 2019.

non landed private rental volume 2019 december
  • 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%.

hdb rental price index 2019 december

hdb rental price index by flat type 2019 december
  • 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.
hdb rental price index by estate type 2019 december

hdb rental price index by estate type table 2019 december

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.
hdb rental volume 2019 december
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SRX eXpress
Property Data 15 January
NLP And HDB See Higher Rents, Bigger Volume In 2019 vs 2018
For the whole of 2019, non-landed private rents and HDB rents rise by 3.7% and 1.3% respectively.
Property Data 09 January
HDB Resale Prices Up 0.4% For 2019; Total Volumes 3.4% Higher. Resale Prices And Volumes Eased In December vs November.
HDB resale prices decrease by 0.3% in December 2019 over November 2019. 1,858 HDB resale transactions in December 2019, representing a 3.0% decrease from previous month.
Property Data 11 December
NLP Rents Increase Despite 4 Consecutive Months of Lower Volume; HDB Rents Decrease Slightly.
NLP rents increase 1.2% from October 2019, while HDB rents decrease 0.1% from the previous month.
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