A. Condo Rental Market
- April 2021 rents increase 1.3% from March 2021. CCR, RCR and OCR rents increase by 1.3%, 1.2% and 1.3% respectively.
- Year-on-year, overall rents increase by 5.2% from April 2020.
- Year-on-year, rents in CCR, RCR and OCR increase by 2.3%, 4.6% and 7.5% respectively.
- Rents are down 11.9% from the peak in January 2013.
- Volumes decrease by an estimate of 3.1% month-on-month. An estimated 5,100 units are rented in April 2021 as compared to 5,262 units rented in March 2021.
- Year-on-year, rental volumes are an estimated 51.0% higher.
- Volumes are 13.5% higher than the 5-year average volume for the month of April.
- Breaking down by regions, in April 2021, an estimated 39.9% of the total volumes are from OCR, 30.3% from RCR and 29.8% from CCR.
- April 2021 HDB rents increase 1.3% from March 2021. Mature and Non-Mature Estates rents increase by 0.6% and 2.0% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.9%, 1.5%, 1.4% and 0.9% respectively.
- Year-on-year, overall rents increase by 5.6%.
- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 4.1% and 7.2% respectively.
- Year-on-year, all room types record rent increases: 3 Room by 4.9%, 4 Room by 6.5%, 5 Room by 5.3% and Executive rents by 3.3%.
- Rents are down 10.0% from the peak in August 2013.
- Volumes decrease by an estimate of 8.8% month-on-month. An estimated 1,847 HDB flats are rented in April 2021 compared to 2,026 units in March 2021.
- Year-on-year, rental volumes increase by an estimate of 33.9% from April 2020.
- Volumes are an estimated 6.1% lower than the 5-year average volume for the month of April.
- Breaking down by room types, in April 2021, 35.6% of the total volumes are from 4 Room, 34.6% from 3 Room, 24.0% from 5 Room and 5.8% from Executive.