A. Condo Rental Market
1. August 2020 rents remain unchanged from July 2020. CCR and OCR rents decrease by 0.2% and 0.4% respectively while RCR rents increase by 0.6%.
- Year-on-year, overall rents decrease 1.0% from August 2019.
- Year-on-year, rents in CCR and RCR decrease by 2.4% and 1.9% respectively, while OCR rents increase by 0.5%.
- Rents are down 17.3% from the peak in January 2013.
2. Volumes decrease 20.4% month-on-month. An estimated 2,716 units are rented in August 2020 as compared to 3,413 units in July 2020.
- Year-on-year, rental volumes are 47.0% lower.
- Volumes are 42.0% lower than the 5-year average volume for the month of August.
- Breaking down by regions, in August 2020, 38.8% of the total volumes are from OCR, 33.1% from RCR and 28.1% from CCR.
1. August 2020 HDB rents increase 0.3% from July 2020. Non-Mature Estates rents increase by 1.2% while Mature Estates rents decrease by 0.5%. 3 Room and 4 Room rents increase by 0.3% and 0.1% respectively while both 5 Room and Executive rents decrease by 0.1%.
- Year-on-year, overall rents decrease by 0.1%.
- Year-on-year, Mature Estates rents decrease by 2.1% while Non-Mature Estates rents increase by 2.2%.
- Year-on-year, rents for 3 Room, 5 Room and Executive experience decreases of 1.3%, 0.7% and 2.6% while 4 Room rents increase by 0.9%.
- Rents are down 14.6% from the peak in August 2013.
2. Volumes decrease 16.7% month-on-month. An estimated 1,025 HDB flats are rented in August 2020 versus 1,230 units in July 2020.
- Year-on-year, rental volumes decrease by 46.2% from August 2019.
- Volumes are 44.1% lower than the 5-year average volume for the month of August.
- Breaking down by room types, in August 2020, 40.6% of the total volumes are from 3 Room, 33.4% from 4 Room, 20.9% from 5 Room and 5.0% from Executive.