, Singapore

HDB rental volume jumped 11.9% in July

Prices inched up by 1%.

The rental volume of HDB flats in July 2018 expanded by 11.9% to 1,932 units compared to 1,726 units in June. Rental volume was up by 3% from July 2017.

According to SRX Property, HDB rents inched up by 1% compared to last month. HDB 3 Rooms and HDB 4 Rooms increased by 1.6% and 1.5% respectively, whilst HDB 5 Rooms and HDB Executive decreased by 0.3% and 1% respectively.

Rents in both mature estates and non-mature estates increased by 1.3% and 0.6% respectively.

On a year-to-year basis, rents in July were down by 1.5% from July 2017. Rents of both mature estates and non-mature estates dipped by 1.2% and 2%.

The HDB rental market continued to show weakness in terms of demand and prices, OrangeTee & Tie head of research and consultancy Christine Sun commented. “The HDB rental market continued to show weakness in terms of demand and prices.”

However, Sun added, “Larger HDB units may continue to see some demand from displaced en bloc owners who are looking for spacious, affordable accommodation whilst they wait for a replacement home. Some may lease slightly longer since the replacement cost of buying a new home is now higher under the new cooling measures, especially for those who own multiple properties.”

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
They failed to properly monitor individuals onboarded as advisors, directors.
Chua spent 18 years with UBS Wealth Management prior to his new role.
Private-sector economists polled by the Monetary Authority of Singapore expect higher growth, faster inflation in 2021.
The leading F&B establishment operator expands its retail line of condiments and flavourings.
This deepens SGX’s partnership with Nikkei Inc.
These three stocks saw significant growth in trading turnover year-to-date.
The project with a 280-bed capacity is expected to operate by 2022.
Singapore Airport Terminal Services saw the sharpest decline during Monday's trading, with a 1.21% drop.
And the G-7 states demand a probe on the origins of the COVID-19 pandemic.
Approximately 35% of MSEs in the F&B and retail sectors saw their earnings drop by more than half during the Phase 2 Heightened Alert period, according to a DBS survey.
Enterprise Singapore extends the programme that supports food and beverage businesses in providing food delivery services.
The Baht 40b debentures were 1.52 times oversubscribed.
The fund was announced at the inaugural CapitaLand Sustainability X Challenge.
Mapletree Logistics Trust saw the sharpest decline during Friday's trading, with a 0.99% drop.
This may be one of the last times the troubled water treatment firm could meet with securities holders before shutting down.