HDB rents slip 0.1% in July

Only 1,835 flats were rented.

HDB flats saw slightly lower rents in the past month, down 0.1% compared to the previous period.

According to SRX Property's latest figures, HDB 3 Rooms increased by 0.7%, whilst HDB 4 rooms, 5 rooms, and Executive decreased by 0.7%, 0.5% and 0.6%, respectively.

Year-on-year, the decline in rents was more apparent at 4.2%. Compared to the peak in 2013, rents were down 13.6%.

In terms of rental volume, the HDB market saw a slight growth in demand.

SRX figures show that there was a 6.7% increase in rental volume, with an estimated 1,835 HDB flats rented in the month. This represented a 6.7% increase from 1,720 units rented in June 2017.

On a yearly basis, the increase was smaller at 1.2%.