HDB rents slip by 3.6% in August

Executive and 5-room flats remained the lone bright spots.

HDB rents continued to soften in August, with as overall rents are down 6.6% from its peak in August 2013. Rental volume was also down by 6.1%, as 1,646 flats were rented this month.

According to a report by SRX Property, HDB 3 and 4-room flat rents skidded by 1.1% and 0.9% respectively. 5-room and executive flats, however, experienced 0.1% and 0.7% increases respectively.

“Year-on-year, rental volume in August 2015 is almost flat compared to 1,668 units rented in August 2014,” SRX said.

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