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HDB rents ease 0.3% in January as more flats reach MOP

Monthly HDB rents fell across most segments, led by 1.8% drop in Executive flats.

HDB rental prices fell 0.3% month on month in January 2026, with Mature towns down 0.5% and Non-Mature towns down 0.1%, according to the 99-SRX Media Flash Report based on numbers compiled on 16 February.

By flat type, 3-room and 4-room rentals declined 0.4%, Executive flats fell 1.8%, whilst 5-room rents were unchanged.

Compared with January 2025, overall rents rose 1.7%. By flat type, 3-room and 4-room flats increased 1.5% and 1.9% respectively, 5-room flats rose 1.8%, and Executive flats gained 0.7%.

Rental volumes edged up 0.8% month on month to around 2,799 flats, a 6% increase year on year but slightly below the five-year January average.

An estimated 13,484 flats reached their five-year Minimum Occupation Period in 2026, nearly double the previous year, according to Luqman Hakim, Chief Data & Analytics Officer at 99.co.

By flat type, 3-room and 4-room flats accounted for roughly 70% of leases, with 5-room and Executive flats making up the remainder.

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