Photo by Galen Crout on Unsplash

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.

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