Published:
HDB rents down 0.8% in February
As volume increased 1.2%.
HDB rents went down slightly in the past month, decreasing 0.8% from the previous month and 4.8% from a year ago.
According to SRX Property data, HDB 3 Rooms, HDB 4 Rooms, and HDB 5 Rooms decreased by 1.2%, 0.3%, and 1.3%, respectively. Only HDB Executive rents increased, by 1%. The rents for the past month were down 13.4% compared to the peak in August 2013.
In terms of rental volume, an estimated 1,477 HDB flats were rented in February, a 1.2% increase from 1,459 units rented in the previous month. However, on a yearly basis, rental volumes were down 12.4%.
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