HDB rents in April slipped 6.2% from 2013 peak

5-room flats slipped the most.

Rents continue to be on the downtrend as Singapore’s property sector remains subdued.

According to the SRX Property Price Index for HDB Rentals, rents dropped by 0.7% in April compared to March. HDB 4, 5-Room and Executive flats posted a 0.9%, 1.3% and 0.4% decrease in rents respectively, while 3 Room flats saw a slight 0.4% increase in rents.

Meanwhile, year-on-year, rents in April 2015 are down 3.0% from April 2014. Rents are 6.2% down compared with its peak in August 2013.

According to the SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates, rents remained unchanged in Mature Estates, while posting a 1.5% drop in Non-mature Estates in April 2015. Year-on-year, rents of Non-mature Estates in April 2015 have dropped 4.0% from April 2014. Year-on-year, rents of Mature Estates in April 2015 have dropped 2.0% from April 2014.