A. Condo Rental Market
- November 2022 rents climb by 2.0% from October 2022. CCR, RCR and OCR rents increase by 0.8%, 1.5% and 3.4% respectively.
- Year-on-year, overall rents increase by 34.0% from November 2021.
- Year-on-year, rents in CCR, RCR and OCR increase by 30.6%, 33.9% and 36.5% respectively.
- Volumes decrease by 4.5% month-on-month. An estimated 4,160 units are rented in November 2022 as compared to an estimated 4,355 units rented in October 2022.
- Year-on-year, rental volumes are 16.5% lower.
- Volumes are 7.2% lower than the 5-year average volume for the month of November.
- Breaking it down by region, in November 2022, 40.4% of the total volumes are from OCR, 32.9% from RCR and 26.7% from CCR.
B. HDB Rental Market
- November 2022 HDB rents increase by 1.6% from October 2022. Mature and Non-Mature Estates rents increase by 1.9% and 1.3% respectively. Meanwhile, 3 Room, 4 Room, 5 Room and Executive rents increase by 3.2%, 0.1%, 2.1% and 1.2% respectively.
- Year-on-year, overall rents increase by 27.8%.
- Year-on-year, Mature Estates and Non-Mature Estates rents increase by 27.4% and 28.0% respectively.
- Year-on-year, all room types record rent increases: 3 Room by 26.3%, 4 Room by 27.1%, 5 Room by 29.6% and Executive rents by 31.4%.
- Volumes decrease by 15.2% month-on-month. An estimated 1,691 HDB flats are rented in November 2022 compared to an estimated 1,995 units in October 2022.
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Year-on-year, rental volumes decrease by 10.0% from November 2021.
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Volumes are 10.9% lower than the 5-year average volume for the month of November.
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Breaking it down by room type, in November 2022, 37.7% of the total volumes are from 3 Room, 34.6% from 4 Room, 22.7% from 5 Room and 5.0% from Executive.
