A. Condo Rental Market
-
September 2021 rents climb 0.7% from August 2021. CCR, RCR and OCR rents increase by 1.0%, 0.5% and 0.8% respectively.
-
Year-on-year, overall rents increase by 8.0% from September 2020.
-
Year-on-year, rents in CCR, RCR and OCR increase by 7.2%, 8.1% and 8.3% respectively.
-
Rents are down 10.3% from the peak in January 2013.
-
Volumes decrease by 0.7% month-on-month. An estimated 4,454 units are rented in September 2021 as compared to 4,484 units rented in August 2021.
-
Year-on-year, rental volumes are 3.0% lower.
-
Volumes are 2.3% higher than the 5-year average volume for the month of September.
-
Breaking down by regions, in September 2021, 39.3% of the total volumes are from OCR, 31.1% from RCR and 29.7% from CCR.
-
Actual volume in August is lower than the estimate given in last month's flash report.
- September 2021 HDB rents increase by 0.6% from August 2021. Mature and Non-Mature Estates rents increase by 1.0% and 0.1% respectively. 3 Room, 5 Room and Executive rents increase by 0.9%, 0.6% and 0.3% respectively while 4 Room rents remain unchanged.
- Year-on-year, overall rents increase by 8.8%.
- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 7.7% and 10.0% respectively.
- Year-on-year, all room types record rent increases: 3 Room by 7.1%, 4 Room by 9.4%, 5 Room by 10.0% and Executive rents by 7.6%.
- Rents are down 6.8% from the peak in August 2013.
-
Volumes decrease by 0.5% month-on-month. An estimated 1,702 HDB flats are rented in September 2021 compared to 1,710 units in August 2021.
-
Year-on-year, rental volumes increase by 2.9% from September 2020.
-
Volumes are 4.6% lower than the 5-year average volume for the month of September.
-
Breaking down by room types, in September 2021, 37.4% of the total volumes are from 4 Room, 33.9% from 3 Room, 23.3% from 5 Room and 5.5% from Executive.
-
Actual volume in August is lower than the estimate given in last month's flash report.