/Christian Chen, Unsplash

HDB rents up 2.4% in August 

Overall rents grew by 21.6% year-on-year in August 2022.

When the majority of younger Singaporeans said they prefer renting properties, this was reflected in the HDB rental market, which grew 2.4% from last month. 

Data from 99.co and SRX showed that both rents in mature and non-mature estates went up by 2.6% and 2.3% respectively. Rents across all room types also increased.

Overall rents soared by 21.6% compared to August 2021. Year-on-year, non-mature rents went up by 21.7% and mature rents increased by 21.3%.

Volumes also went up by 3.8% month-on-month, with an estimated 1,765 HDB flats rented in August 2022 from 1,700 in July 2022.

On an annual basis, rental volumes went down by 1.3% from August 2021. However, volumes are 3% lower than the five-year average volume for August.

Follow the link for more news on

Join Singapore Business Review community
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!

Top News

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization
The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance net-zero ambitions in the Lion City’s maritime sector.


Where to invest your millions in real estate
Amongst locations, realtors suggest the Core Central Region.   Individuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.   George Tan, managing director of Savills Digital Residential Marketing, said one of these factors is location.    Tan said buyers should consider areas which are highly demanded and well located—easy access to prestigious or international schools, MRT, malls and food and beverage (F&B) establishments. All these will contribute to good rental demand.   PropNex realtor, Andy Lim, echoed this, adding that buyers should particularly invest in properties within one kilometre of the prestigious schools.