RESIDENTIAL PROPERTY | Staff Reporter, Singapore

HDB rental volume drops by 6.4% in August

But prices remain unchanged.

Rental volume of HDB flats fell by 6.4% from 1,722 units in July to 1,658 units in August.

According to the Singapore Real Estate Exchange (SRX), rental volume dropped 7.5% on a yearly basis.

Meanwhile, prices for HDB rents remained unchanged in August.

HDB 3 Rooms and HDB 4 Rooms slipped by 0.1% and 0.5% respectively, whilst HDB 5 Rooms inched up by 0.9%.

On a yearly basis, rents were down 3.8% from August 2016.

Rents for the month were also 13.8% lower than the peak in August 2013. 

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