Private condo and HDB rental volumes down in May

Rents for both property types were both up by 0.2%.

There were less private condos rented out in Singapore as rental volumes fell by 3.2% from 4,831 units in April to 4,674 units in May, SRX Property revealed. Year-on-year, rental volume was also down by 5.2% to 4,929 units.

According to flash data, rents were up 0.2%. Unit rents in Core Central Region (CCR) remained unchanged, whilst those in Rest of Central Region (RCR) and Outside Central Region (OCR) increased by 0.4% and 0.2% respectively.

Year-on-year, edged up by 0.8%. In individual sectors, CCR, RCR and OCR posted a 1%, 0.5% and 0.8% increase respectively.

Rents in May 2018 were down 18.9% compared to the peak in January 2013.

Meanwhile, HDB rental volume dipped by 12% in May as 1,885 HDB flats were rented within the month, lower than the 2,142 units in April. Year-on-year, rental volume dipped by 1.6%.

HDB rents edged up by 0.2% from last month but dipped 2.7% from last year. Rents for HDB 3 Rooms and HDB Executive decreased by 0.4% and 0.7% respectively, whilst HDB 4 Rooms and HDB 5 Rooms increased by 1.1% and 0.2% respectively.

On a monthly basis, the rents in mature estates increased by 0.6%, whilst those in non-mature estates decreased by 0.3%. Year-on-year, the rents of both estate types slipped 2.7%.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia