HDB rents slip 0.4% MoM in October

By room type, 5 Room recorded the highest rent decrease.

HDB rents declined by 0.4% MoM but increased 14.1% YoY in October, according to data from 99.co and SRX.

Rents climbed in non-mature estates (+0.1% MoM) but dropped in mature estates (-0.1% MoM).

Two of the four room types recorded MoM rent decreases in October, namely 3 Room (-0.6%) and 5 Room (-1.4% MoM).

Meanwhile, rents for the 4 Room and Executive increased by 0.1% MoM and 0.9% YoY, respectively.

Volumes, on the other hand, increased in October, jumping 2.4% MoM to 2,830 HDB flats.

The October 2023 record was also 14.9% YoY higher and 1.7% higher than the five-year average volume for October.

Of the total volume, 31.9% was from 3 Room, 37.7% from 4 Room, 24.5% from 5 Room and 5.9% from Executive.