HDB rents rise 3.2% MoM in September
By room type, 5 Room saw the highest rent increase.
HDB rents rose by 3.2% MoM and 24.7% YoY in September.
Data from 99.co and SRX showed that rents climbed in both the mature and non-mature estates, and across all room types.
For mature and non-mature estates, rents increase by 3.3% MoM and 3.1% MoM, respectively.
By room type, the increases were 4.4% MoM for 3 Room, 1.2% MoM for 4 Room, 4.8% MoM for 5 Room, 3.3% for Executive.
Volumes likewise rose in September, increasing 0.3% MoM to 1,809 HDB flats.
The volume was also 5.1% higher than the same period last year and 0.9% above the five-year average volume for September.
Of the total volume, 32.0% were from 3 Room, 39.9% from 4 Room, 23.4% from 5 Room and 4.8% from Executive.