HDB rentals down 3.2% in September

An estimated 1,736 were rented this month.

HDB rents continued its flat trend in September, while it is now down by 6.7% from its last peak in August 2013.

According to SRX property, HDB 3, 5 and executive room flats posted 0.1%, 0.5% and 2.8% decreases in rents respectively.

Meanwhile, 4 room flats is the bright spot with a 1.1% increase in rents.

HDB rental volume, on the other hand, increased by 0.9% this month, from 1,721 units rented last August 2014.

“Year-on-year, rental volume in September 2015 increased by 7.0% from September 2014,” SRX Property said.

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