HDB leasing climbs 4.8% in June but remains below five-year norm

Public housing rents rose 0.6% monthly, whilst 2,725 flats changed tenants during the month.

Rental volumes for Housing and Development Board (HDB) flats rose 4.8% month-on-month (MoM) in June to an estimated 2,725 units, but remained 4.1% below the five-year average for the month as rents continued to rise at a measured pace.

The latest figures from 99.co and SRX showed rental volumes increased from 2,601 units in May and were 0.1% higher than in June 2025.

HDB rental prices rose 0.6% MoM and 1.4% year-on-year (YoY) in June.

Luqman Hakim, chief data and analytics officer at 99.co, said HDB rental prices increased in June, although the gains remained measured.

Rents in mature estates rose 0.7% MoM, compared with a 0.4% increase in non-mature estates. On a YoY basis, rents increased 1.8% in mature estates and 0.9% in non-mature estates.

By flat type, executive flat rents recorded the largest monthly increase, rising 1.2%. Rents for 3-room and 5-room flats rose 0.7% and 0.6%, respectively, whilst 4-room flat rents fell 0.1%.

YoY rents for 3-room flats rose 1.6%, followed by 5-room flats at 1.5%, 4-room flats at 1.1% and executive flats at 0.6%.

Four-room flats accounted for the largest share of rental volume in June at 38.8%. Three-room flats made up 31.8%, followed by 5-room flats at 23.7% and executive flats at 5.7%.

The June figures followed a stronger rebound in the private condominium rental market, where rental volumes rose 19% MoM to an estimated 6,973 units. Condo rents increased 0.3% over the same period.

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