A. Condo Rental Market
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July 2022 rents climb by 1.7% from June 2022. CCR, RCR and OCR rents increase by 1.2%, 1.7% and 2.2% respectively.
- Year-on-year, overall rents increase by 23.5% from July 2021.
- Year-on-year, rents in CCR, RCR and OCR increase by 21.8%, 21.6% and 26.3% respectively.
- Volumes increase by 5.3% month-on-month. An estimated 4,809 units are rented in July 2022 as compared to 4,568 units rented in June 2022.
- Year-on-year, rental volumes are 2.9% lower.
- Volumes are 9.1% lower than the 5-year average volume for the month of July.
- Breaking it down by region, in July 2022, 38.1% of the total volumes are from OCR, 35.7% from RCR and 26.2% from CCR.
- July 2022 HDB rents increase by 1.5% from June 2022. Mature Estates rents increase by 2.5% while Non-Mature Estates rents increase by 0.4%. 3 Room, 4 Room, 5 Room and Executive rents increase by 2.3%, 0.1%, 2.5% and 1.9%.
- Year-on-year, overall rents increase by 19.1%.
- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 18.7% and 19.3% respectively.
- Year-on-year, all room types record rent increases: 3 Room by 19.7%, 4 Room by 17.4%, 5 Room by 20.9% and Executive rents by 15.0%.
- Volumes increase by 11.1% month-on-month. An estimated 1,762 HDB flats are rented in July 2022 compared to 1,586 units in June 2022.
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Year-on-year, rental volumes decrease by 3.2% from July 2021.
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Volumes are 8.7% lower than the 5-year average volume for the month of July.
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Breaking it down by room type, in July 2022, 35.1% of the total volumes are from 3 Room, 37.0% from 4 Room, 22.3% from 5 Room and 5.6% from Executive.