HDB rents rise 0.1% MoM and 3.7% YoY in September
Volumes, however, fell.
HDB rents increased by 0.1% MoM and 3.7% YoY in September, 99.co and SRX reported.
Rents showed mixed movements across room types and estates on a sequential basis.
Mature estate rents dipped by 0.1%, whilst non-mature estate rents increased by 0.3%.
Meanwhile, 3-room, 4-room, and Executive rents increased by 0.3%, 0.2%, and 0.2%, respectively. Rents for 5-room decreased by 0.2%.
Year-on-year, however, rents increased for all room types and estates.
Rents increased by 3.7% YoY for 3-room, 4.2% YoY for 4-room, 2% YoY for 5-room, and 7% YoY for Executive.
Both Mature and Non-Mature Estate rents increased by 3.7%.
Rental volumes, on the other hand, fell in September, declining by 11.8% MoM and 17.3% YoY to 2,314 HDB flats.
The latest record was also 11.7% lower than the five-year average volume for September.
Of the total volume, 32.2% was from 3-room, 38% from 4-room, 24.2% from 5-room and 5.6% from Executive.