Rental prices for HDB, private homes dip in July: SRX Property

Rental prices for Housing and Development Board (HDB) flats fell 0.1 per cent in July from the previous month, according to data released by SRX Property on Friday (Aug 14).

Rentals for 3-room, 4-room and 5-room flats saw rental prices decline by 0.4 per cent, 0.1 per cent and 0.2 per cent, respectively. Bucking the trend were executive flats, with a 0.5 per cent increase, SRX Property said.

Year-on-year, rental prices for HDB flats in July were down 0.7 per cent, and were down 6.1 per cent compared with its peak in August 2013.

Rental volume also declined, with an estimated 1,692 flats rented in July, down 5.4 per cent from the 1,788 units rented the previous month, SRX Property said.


Rental prices in the non-landed private residential market fell 0.3 per cent in July compared with the previous month, according to SRX Property.

Units in the Core Central Region saw a 0.4 per cent decrease in rent, and those in the Rest of Central Region and Outside Central Region saw decreases of 0.2 per cent and 0.3 per cent, respectively.

On a year-on-year basis, rents in July were down 5.7 per cent, and down 12.5 per cent compared with its peak in January 2013.

Rental volume rose from June’s 3,866 units to an estimated 4,147 units in July, SRX Property said.

Source : Channel NewsAsia – 14 Aug 2015

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