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Photo from 99-SRX

HDB rental volumes rebound 13.6% in July

Four-room flats accounted for the largest share at 37.5%.

HDB rental volumes increased by 13.6% month-on-month in July to about 3,097 units, compared to 2,727 units in June, according to flash estimates from 99.co and SRX.

Year-on-year, rental volumes decreased by 2.6% compared to 3,180 units in July 2025.

Rental activity was also 1.5% lower than the five-year average for July.

By flat types, four-room flats made up the largest share of rental volume at 37.5% in July, followed by three-room flats at 31.8%, five-room flats at 24.4%, five-room flats at 24.4%, and Executive flats at 6.3%.

A 12-month view showed uneven HDB rental activity.

The decline started in August 2025, when volumes fell to 2,768 units, and continued through November, when they reached 2,453 units.

Rental activity recovered in December and January, rising to 2,777 units and 2,804 units, respectively, before falling to a 12-month low of 2,239 units in February 2026.

Volumes then recovered in March and April, rising to 2,667 units and 2,817 units, respectively, before falling again to 2,602 units in May. Rental activity picked up in June and strengthened further in July.

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