A. Non-Landed Private Residential Rental Market
1. Private rents decrease by 0.8% in May. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.8% in May 2017 compared to April 2017. Non-Landed Private Residential units rents in CCR, RCR and OCR decreased by 1.8%, 0.5% and 0.4% respectively.
1. Private rents decrease by 0.8% in May. According to SRX Property Price Index for Non-landed Private Residential Rentals, rents decreased by 0.8% in May 2017 compared to April 2017. Non-Landed Private Residential units rents in CCR, RCR and OCR decreased by 1.8%, 0.5% and 0.4% respectively.
According to SRX Property Price Index for Non-landed Private Rentals:
- Year-on-year, rents in May 2017 were down by 3.9% from May 2016. In individual sectors, CCR, RCR and OCR posted 3.7%, 3.2% and 4.8% year-on-year decrease in price, respectively.
- Rents in May 2017 were 19.7% down compared to its peak in January 2013.
- Price index is down 1.1% on year-to-date basis from January 2017.
- Price change was revised from 0.0% to 0.1% in April 2017.
2. Rental volume increases by 12.5%. According to SRX Property, an estimated 4,650 Non-landed Private Residential units were rented in May 2017. This represented a 12.5% increase from 4,134 units rented in April 2017.
- Year-on-year, rental volume in May 2017 was 6.1% higher than 4,381 units rented in May 2016.
B. HDB Rental Market
1. HDB rents increase by 0.7%. According to SRX Property Price Index for HDB Rentals, rents increased by 0.7% from April 2017 to May 2017. HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 1.5%, 0.6%, 0.2% and 0.2% respectively.
According to SRX Property Price Index for HDB Rentals:
- Year-on-year, rents in May 2017 were down by 3.7% from May 2016.
- Rents in May 2017 were down 13.0% compared to its peak in August 2013.
- Year-to-date, rental price index has declined by 0.4% from January 2017.
- Price change was revised from 0.1% to 0% in April 2017.
According to SRX Property Price Sub-Indices for HDB Rentals in Mature and Non-mature Estates:
- Rents in Mature Estate and Non-mature Estates increased by 1.2% and 0.1% respectively.
- Year-on-year, rents of Mature Estates in May 2017 slipped 2.8% from May 2016.
- Year-on-year, rents of Non-mature Estates in May 2017 dropped 4.5% from May 2016.
- Year-on-year, rental volume in May 2017 decreased by 3.5% from May 2016.
Source: SRX (14 Jn 2017)