HDB rental prices slipped 2.9% in June

Rental volumes fell 5.8% to 1,735 flats from 1,841 rented units in May.

HDB rental prices fell 2.9% YoY and was down 16% from its August 2013 peak, SRX Property revealed. The SRX Property Price Index found also found that HDB rentals dipped 0.8% MoM from May.

According to the firm, rentals for HDB 3 Rooms, 4 Rooms, and HDB Executive slipped 0.7%, 1.6% and 0.9% MoM respectively, whilst HDB 5 Rooms increased by 0.1%.

Meanwhile, both HDB rentals for mature and non-mature estates slipped 1.3% and 0.3% MoM, respectively. HDB mature estate rents fell 3.1% YoY whilst non-mature estate rents slipped 2.6% YoY.

SRX Property noted that about 1,735 HDB flats were rented in June which is a 5.8% slip from 1,841 units in May. HDB rental volumes slipped 5.1% YoY in June.

Meanwhile, the firm noted that condominium rental prices dipped 0.2% YoY in June. It fell 19.3% from its peak in January 2013.

According to the firm, the core central region (CCR) and the rest of the central region (RCR) prices saw a 0.8% and 0.2% slip, respectively. Meanwhile, outside central region (OCR) prices remained unchanged YoY.

SRX Property noted that about 4,637 condo units were rented in June which is a 1% dip from 4,682 rented units in May. Despite this, rental volumes rose 0.6% YoY from 4,609 rented units in June 2017.

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit