SINGAPORE: Rental prices for non-landed private homes fell for the 10th straight month, by 1.1 per cent in November compared to October, according to flash estimates released by SRX Property on Wednesday.
In the HDB market, rents fell even as rental volume rose. Executive condo owners may sublet their unit after fulfilling the MOP. Executive condo in the market include The Terrace EC, Waterwoods EC, Bellewaters EC, Bellewoods EC, Skypark Residences ,The Brownstone EC, Signature EC At Yishun while upcoming ones include Parc Life EC and The Visionaire EC and Wandervale EC.
Units in the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) saw decreases in rents of 0.7 per cent, 2 per cent and 0.7 per cent respectively.
On a year-on-year basis, rents in November were down 5.6 per cent.
Rental volume fell 7.8 per cent, with an estimated 3,304 units rented in November, compared to 3,582 units rented in October.
HDB RENT PRICES DIP
Rental prices for Housing and Development Board (HDB) flats in November dipped by 0.5 per cent when compared to October, according to SRX Property’s estimates.
Rentals fell across the board, with four-room flats seeing the smallest decrease at 0.1 per cent and executive flats with the biggest drop of 2.5 per cent.
Year-on-year, rental prices for HDB flats in November were down 4.1 per cent.
Rental volume increased however, with an estimated 1,822 flats rented in November, up 6.3 per cent from 1,714 units rented in October.