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RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB rents up 0.7% in January

Rental volume dipped 5.4%.

Rents for public flats rose 0.7% month-on-month in January, accordingto SRX Property.

Rents for HDB 3, 4, 5 Rooms and Executive flats posted 0.6%, 1.0%, 0.1% and 1.4% increases in rents, respectively.

Year-on-year, rents in January 2016 were down by 3.1% from January 2015. Rents in January 2016 were down 8.0% compared to its peak in August 2013.

Meanwhile, HDB rental volume decreased 5.4% in January. An estimated 1,670 HDB flats were rented in January 2016, a 5.4% decrease from 1,766 units rented in December 2015. Year-on-year, rental volume in January 2016 decreased by 17.7% from January 2015.

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