HDB leasing volume down 15% in September

Rents dipped 0.6% from August, but remained 1.1% higher YoY.

HDB rental volumes decreased by 15.4% month on month (MoM), with an estimated 2,379 flats rented in September compared to 2,811 in August, as per 99.co and SRX flash report.

Volume slipped by 9.3% year on year (YoY), and was 7.1% lower than the five-year average for September.

Four-room flats held the largest chunk of rental volume at 37.7%, followed by three-room flats at 36%, five-room flats at 21.2% and executive flats at 5.1%.

Rent dropped by 0.6% in the same period, with prices in mature and non-mature estates down by 0.3% and 1%, respectively.

Rental prices for three-room flats eased by 0.3%, followed by four-room flats at 0.8%, five-room flats at 0.4% and executive flats at 0.7%.

Still, overall rental prices are up by 1.1% YoY, with mature and non-mature estates increasing by 1.2% and 0.8%, respectively.

Prices for three-room and four-room flats also inched up by 0.9%, five-room flats by 1%, and executive flats by 3.5%.

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