News

Residential Property

Gerv Tacadena

, Singapore

Published:

9 years ago

HDB rents tick up by 0.7% in May

Around 1,873 HDB flats were rented.

Rents for HDB units increased slightly by 0.7% in May compared to the previous month.

According to SRX Property, rental costs for HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 1.5%, 0.6%, 0.2% and 0.2%, respectively.

On a yearly basis, rents in May were down by 3.6% from May 2016. They were also down by 13% compared to its peak in August 2013.

Year-to-date, rental price index has declined 0.4% from January 2017.

In terms of rental volume, units rented almost remained unchanged compared to the previous month. Around 1,873 HDB flats were rented in May.

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