HDB rents rise 0.1% MoM and 3.7% YoY in September

Volumes, however, fell.

HDB rents increased by 0.1% MoM and 3.7% YoY in September, 99.co and SRX reported.

Rents showed mixed movements across room types and estates on a sequential basis.

Mature estate rents dipped by 0.1%, whilst non-mature estate rents increased by 0.3%.

Meanwhile, 3-room, 4-room, and Executive rents increased by 0.3%, 0.2%, and 0.2%, respectively. Rents for 5-room decreased by 0.2%.

Year-on-year, however, rents increased for all room types and estates.

Rents increased by 3.7% YoY for 3-room, 4.2% YoY for 4-room, 2% YoY for 5-room, and 7% YoY for Executive.

Both Mature and Non-Mature Estate rents increased by 3.7%.

Rental volumes, on the other hand, fell in September, declining by 11.8% MoM and 17.3% YoY to 2,314 HDB flats. 

The latest record was also 11.7% lower than the five-year average volume for September.

Of the total volume,  32.2% was from 3-room, 38%  from 4-room,  24.2% from 5-room and  5.6% from Executive.