A. Condo Rental Market
1. January 2025 rental prices dropped by 0.3%. CCR and RCR decreased by 0.6% and 0.4%, respectively, while the OCR percentage remained the same in January 2025.
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Year-on-year, overall rental prices increased by 0.5% compared to January 2024.
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Year-on-year, rental prices in CCR decreased by 1.8%, while RCR and OCR increased by 1.9% and 0.4%, respectively.
2. Rental volumes increased by 7.6% month-on-month. An estimated 6,306 units were rented in January 2025, compared to 5,862 in December 2024.
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Year-on-year, rental volumes were 4.5% higher.
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Rental volumes were 5.6% lower than the 5-year average for January.
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Breaking it down by region, in January 2025, 36.6% of the total rental volume was from OCR, 32.8% from RCR, and 30.6% from CCR.
B. HDB Rental Market
1. January 2025 HDB rental prices dropped by 0.6% compared to December 2024. Mature and Non-Mature Estate rental prices decreased by 0.1% and 0.9%, respectively. 3-room rental prices increased by 0.1%. 4-room, 5-room, and Executive rental prices decreased by 1.3%, 0.6%, and 0.2%, respectively.
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Year-on-year, overall rental prices increased by 3.8% compared to January 2024.
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Both Mature and Non-Mature Estate rental prices increased by 4.9% and 2.3%, respectively, year-on-year.
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Year-on-year, all room types recorded rental price increases: 3-room by 4.8%, 4-room by 3.2%, 5-room by 2.5%, and Executive by 5.6%.
2. Rental volumes increased by 7.5% month-on-month. An estimated 2,636 HDB flats were rented in January 2025 compared to 2,452 in December 2024.
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Year-on-year, rental volumes decreased by 12.9% compared to January 2024.
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Rental volumes were 10.3% lower than the 5-year average for January.
- Breaking it down by room type, in January 2025, 34.0% of the total rental volume was from 3-room, 37.7% from 4-room, 23.3% from 5-room, and 5.0% from Executive.
