A. Non-Landed Private Residential Rental Market
1. April 2020 rents decrease 0.9% from March 2020. CCR, RCR and OCR rents decrease by 0.1%, 1.6% and 1.0%, respectively.
B. HDB Rental Market
1. April 2020 rents decrease 0.9% from March 2020. CCR, RCR and OCR rents decrease by 0.1%, 1.6% and 1.0%, respectively.
- Year-on-year, rents increase 1.8% from April 2019.
- Rents are down 15.7% from the peak in January 2013
- Rents in all regions increase year-on-year: CCR by 2.4%, RCR by 1.7% and OCR by 1.4%.
- Year-on-year, rental volumes are 40.6% lower.
- Volumes are 32.3% lower than the 5-year average volume for the month of April.
- Breaking down by regions, in April 2020, 41.5% of the total volumes are from OCR, 30.3% from RCR and 28.2% from CCR.
1. April 2020 HDB rents decrease 0.2% from March 2020. Mature Estates rents decrease 0.9% while Non-Mature Estates rents increase 0.7%. According to room types, 3 Room and Executive Room rents fall by 0.3% and 1.6% respectively, while 4 Room rents increase by 0.1% and 5 Room rents remain stable.
2. Volumes decrease 36.7% month-on-month. An estimated 1,260 HDB flats are rented in April 2020 versus 1,990 units in March 2020.
- Year-on-year, rents increase by 1.3%.
- Rents are down 14.1% from the peak in August 2013.
- Except for Executive Room rents which decrease by 0.7%, all room types experience rent increases year-on-year: 3 Room by 1.5%, 4 Room by 1.0% and 5 Room by 1.3%.
- Mature Estates and Non-Mature Estates rents increase year-on-year by 0.3% and 2.3% respectively.
2. Volumes decrease 36.7% month-on-month. An estimated 1,260 HDB flats are rented in April 2020 versus 1,990 units in March 2020.
- Year-on-year, rental volumes decrease 41.3% from April 2019.
- Volumes are also 39.3% lower than the 5-year average volume for the month of April.
- Breaking down by room types, in April 2020, 36.1% of the total volumes are from 4 Room, 30.8% from 3 Room, 26.5% from 5 Room and 6.6% from Executive Room.