HDB rents remain flat in May: SRX

Rental volume increased by 1.5%.

Only HDB 4-room flats registered an increase in rents last month as rents for HDB flats stayed flat in May.

According to estimates by SRX, rents in May 2016 is flat compared to April 2016. HDB 3 Rooms rents remained the same while HDB 4 Rooms increased by 0.4%.

HDB 5 Rooms and Executive rents posted a 0.1% and 1.5% decrease, respectively, SRX said.

“Year-on-year, rents in May 2016 were down by 3.8% from May 2015. Rents in May 2016 were down 9.7% compared to its peak in August 2013,” SRX added.

Meanwhile, SRX said HDB rental volume increased by 1.5%, with an estimated 2,005 flats rented in May from 1,975 from the previous month.

“Year-on-year, rental volume in May 2016 increased by 2.0% from May 2015,” SRX said.