In terms of HDB flats, overall rent fell slightly by 0.1% month-on-month. Among them, rents in mature HDB housing areas rose slightly by 0.1%, while those in non-mature areas fell by 0.1%. By apartment type, rents for three-bedroom and four-bedroom HDB units fell by 0.3% respectively; five-bedroom and apartment-style units rose by 0.5% and 0.3% respectively.
Under the influence of economic uncertainty and prudent sentiment in the employment market, the private housing and HDB rental market in Singapore showed a decline in rents and transaction volume in May.
According to the latest data released by the real estate website 99.co and Singapore Real Estate Joint Trading Network (SRX) on Thursday (June 19), the overall rent index of local non-land private homes fell by 0.4% month-on-month. Among them, rents in the core central district (CCR) and areas outside the central district fell by 0.1% and 1.3% respectively; other central districts (RCRs) remained the same.
Despite the monthly decline, overall rental levels remained at 2.7% higher than the same period last year. In terms of districts, the annual growth rates of the core central district, other central districts and other central districts outside the central district were 1.7%, 3.1% and 2.3% respectively.
In May, there were about 5,615 private housing units for rent, a monthly decrease of 7.8%; but it increased by 8.9% from the same period last year, and 5.9% higher than the average of the same period in the past five years. From the perspective of regional distribution, outside the central district, 34.9% of the total transaction volume, other central districts account for 34.7%, and core central districts account for 30.4%.
Year over the same period, the overall rent of HDB flats increased by 3.2%, while rents in mature and immature areas increased by 4.3% and 1.7% respectively. The three-bedroom unit has the largest increase, reaching 4.5%.
High-up rental transaction volume in May was 2,588, a monthly decrease of 10.2%, and remained unchanged year-on-year, and 2.7% lower than the average in May in the past five years. Among them, three-bedroom and four-bedroom HDB flats accounted for 35.2% and 35.3% of the transaction volume respectively, and five-bedroom HDB flats accounted for 24%.