Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell in February 2016, SRX Property's latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis. Based on the flash estimates for last month, SRX Property's overall rental index for non-landed private homes has eased...
Singapore Rental Market
Rental prices for Housing and Development Board (HDB) flats climbed slightly by 0.7 per cent from the previous month in December, while rents for private apartments went up 0.2 per cent, according to a local property index. Year-on-year, rental prices for HDB flats in January fell 3.1 per cent, and were down 8 per cent compared to its peak in August 2013, flash estimates from SRX Property, released on...
Rents of non-landed private homes as well as Housing & Development Board flats continued to decline last year, based on the December 2015 flash estimates from SRX Property. However, the volume of rental contracts in both markets rose in December on a year-on-year basis. SRX Property's overall rental index for non-landed private homes eased 5.4 per cent in 2015, comparable to the 5.2 per cent fall in...
Rental values are likely to continue to slide in 2016, though this dip is not expected to last for too much longer, according to real-estate consulting firm DTZ Southeast Asia. Consumer sentiments, coupled with the expected completion of retail developments such as OUE Downtown Gallery, The Heart at Marina One and Tanjong Pagar Centre this year, are expected to "exert further downward pressure on...
Rental prices for non-landed private homes fell for the 10th straight month, by 1.1 per cent in November compared to October, according to flash estimates released by SRX Property on Wednesday (Dec 9). Units in the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) saw decreases in rents of 0.7 per cent, 2 per cent and 0.7 per cent respectively. On a...
Rental prices for non-landed private homes fell for the ninth straight month by 0.4 per cent in October compared to September, according to flash estimates released by SRX Property on Thursday (Nov 12). Units in the Core Central Region and Outside Central Region both saw decreases in rents of 0.8 per cent. Homes in the Rest of Central Region saw a 0.4 per cent increase. On a year-on-year basis, rents...
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...
Rental prices for non-landed private residences fell by 0.5 per cent in June compared to May, according to flash estimates released by SRX Property on Wednesday (Jul 15). Non-landed private property units in the Core Central Region and Outside Central Region saw rental prices fall by 0.8 per cent and 0.7 per cent, respectively, while units in the Rest of Central Region saw no change. June’s rents...
In an era of cooling measures and loan curbs, sales transactions in the Singapore property market continue to languish. The action is in rentals, at least in terms of the number of deals. SRX Property data shows that rental deals represented about 67 percent of a total of 115,864 property transactions last year and are hovering at about the same percentage so far this year. In contrast, rentals...
Rental prices for Housing and Development Board (HDB) flats fell 0.3 per cent in February from the previous month, while rents for private homes also continued to fall, according to SRX Property. Three-room and four-room flats saw rental prices decline by 0.8 and 0.6 per cent, respectively, while five-room and executive flats, in contrast, saw a pick-up in rental prices by 0.7 and 0.5 per cent,...