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by OrangeTee & Tie Pte Ltd.

Condo rents unchanged in June while HDB rents rise 1%; rental volumes increase

SRX Rental Data

SRX Rental Data


Singapore, 14 Jul 2021

SINGAPORE - Rents for private apartments were unchanged in June, while those for Housing Board flats edged up by 1 per cent from the previous month, according to flash data from real estate portal SRX released on Wednesday (July 14).

Rental volumes for both condominium units and HDB flats rose for a third consecutive month in June, after tighter Covid-19 curbs were eased in the later half of the month, the SRX data also showed. By staying flat in June, condo rents broke the streak of five consecutive months of rising rates.

HDB rents, on the other hand, rose for the 12th consecutive month, with a 1 per cent increase in June over May. While HDB rents were up 9.2 per cent from a year earlier, they were still 8.3 per cent off their highs in August 2013.

Month on month, rents for all HDB flat types increased in June, except for executive units, which remained flat. HDB rents in non-mature estates increased by 1.9 per cent, while those in mature estates only inched up by 0.1 per cent.

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