HDB rentals rise 13.6% MoM in July

Prices were up across flat types.

The HDB rental market saw an estimated 3,097 flats rented in July 2026, up 13.6% month on month (MoM), according to a report by 99.co and SRX.

Despite the MoM gain, volumes were 2.6% lower year on year and 1.5% below the five-year July average.

Overall HDB rental prices rose 1.7% MoM, lifting the Rental Index to 147.6 from 145.1 in June. Non-Mature estates led price growth at 2.2%, compared to 1.2% in Mature estates.

By flat type, Executive flats posted the sharpest monthly price increase at 4%, followed by 4-room flats at 2.1%, 5-room flats at 1.5%, and 3-room flats at 0.8%.

On an annual basis, overall rental prices rose 1.5% with Non-Mature estates rising 1.8% and Mature estates increasing 1.3%. By flat type, Executive flats gained 2.9%, 5-room flats 2%, and both 3-room and 4-room flats rose 1.2%.

Four-room flats made up the largest share of July's rental volume at 37.5%, followed by 3-room flats at 31.8%, 5-room flats at 24.4%, and Executive flats at 6.3%.

Median rents for the month stood at $2,900 for 3-room flats, $3,500 for 4-room flats, $3,750 for 5-room flats, and $4,000 for Executive flats, with an overall median of $3,400.

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