A.Condo Rental Market
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November 2020 rents increase 0.5% from October 2020. RCR andOCR rents increase by 1.6% and 0.2% respectively while CCR rents decrease by 0.4%.
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Year-on-year, overall rents decrease by 0.6% from November 2019.
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Year-on-year, rents in CCR and RCR decrease by 3.5% and 0.6% respectively, while OCR rents increase by 1.2%.
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Rents are down 16.4% from the peak in January 2013.
- Volumes increase 3.8% month-on-month. An estimated 4,443 units are rented in November 2020 as compared to 4,281 units in October 2020.
- Year-on-year, rental volumes are 1.1% higher.
- Volumes are 11.2% higher than the 5-year average volume for the month of November.
- Breaking down by regions, in November 2020, 39.4% of the total volumes are from OCR, 32.8% from RCR and 27.8% from CCR.
- November 2020 HDB rents remain unchanged from October 2020. Mature Estates rents decrease by 0.4% while Non-Mature Estates rents increase by 0.6%. 3 Room rents decrease by 0.3% while 4 Room, 5 Room and Executive rents increase by 0.1%, 0.4% and 0.8% respectively.
- Year-on-year, overall rents increase by 0.8%.
- Year-on-year, Mature Estates rents decrease by 0.9% while Non-Mature Estates rents increase by 2.6%.
- Year-on-year, rents for 3 Room and Executive experience decreases of 0.1% and 2.1% while 4 Room and 5 Room rents increase by 2.0% and 0.1%.
- Rents are down 13.7% from the peak in August 2013.
- Volumes increase 6.7% month-on-month. An estimated 1,762 HDB flats are rented in November 2020 versus 1,652 units in October 2020.
- Year-on-year, rental volumes decrease by 11.7% from November 2019.
- Volumes are 8.7% lower than the 5-year average volume for the month of November.
- Breaking down by room types, in November 2020, 34.3% of the total volumes are from 3 Room, 34.2% from 4 Room, 26.2% from 5 Room and 5.3% from Executive.
