Singapore Rental Market Stabilizes: Condo Rents Rise 0.9%, HDB Rents Up 1.4% in July

MT Newswires08-21

Singapore's rental market showed signs of stabilization in July, with condominium rental prices rising 0.9% and Housing and Development Board (HDB) rents increasing 1.4% from the previous month, data from 99.co and SRX showed.

Condo rental volumes surged past 35% month-on-month to 8,133 units, up from 6,020 in June. Despite this, the year-on-year rental volumes were up by a little over 11%, reflecting a resilient market. Rental activity by region was dominated by the Outside Central Region, contributing 38.2% of the total volumes.

For HDB rentals, July saw an almost 14% increase in volumes, with an estimated 2,993 flats rented compared with 2,631 in June. Year-on-year rental volumes were down by nearly 12%. HDB rents in both Mature and Non-Mature Estates increased, with three-room flats rising by 1.7% and Executive flats up by 1.5%.

Yearly comparisons show a 5% decrease in condo rents, with the Core Central Region declining by 6.3%. HDB rents have increased by 4.7% from July 2023.

Looking ahead, the market faces uncertainties, particularly with the upcoming Employment Pass renewals under the new COMPASS criteria, which could affect rental supply and pricing.

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Sivakumarsub
08-21
Sivakumarsub
How much is a common room rental at woodlands

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Rental activity by region was dominated by the Outside Central Region, contributing 38.2% of the total volumes.For HDB rentals, July saw an almost 14% increase in volumes, with an estimated 2,993 flats rented compared with 2,631 in June. Year-on-year rental volumes were down by nearly 12%. HDB rents in both Mature and Non-Mature Estates increased, with three-room flats rising by 1.7% and Executive flats up by 1.5%.Yearly comparisons show a 5% decrease in condo rents, with the Core Central Region declining by 6.3%. HDB rents have increased by 4.7% from July 2023.Looking ahead","content":"<html><head></head><body><p> Singapore&#39;s rental market showed signs of stabilization in July, with condominium rental prices rising 0.9% and Housing and Development Board (HDB) rents increasing 1.4% from the previous month, data from 99.co and SRX showed.</p><p>Condo rental volumes surged past 35% month-on-month to 8,133 units, up from 6,020 in June. 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HDB rents have increased by 4.7% from July 2023.</p><p>Looking ahead, the market faces uncertainties, particularly with the upcoming Employment Pass renewals under the new COMPASS criteria, which could affect rental supply and pricing.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Rental Market Stabilizes: Condo Rents Rise 0.9%, HDB Rents Up 1.4% in July</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Rental Market Stabilizes: Condo Rents Rise 0.9%, HDB Rents Up 1.4% in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-08-21 10:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p> Singapore&#39;s rental market showed signs of stabilization in July, with condominium rental prices rising 0.9% and Housing and Development Board (HDB) rents increasing 1.4% from the previous month, data from 99.co and SRX showed.</p><p>Condo rental volumes surged past 35% month-on-month to 8,133 units, up from 6,020 in June. Despite this, the year-on-year rental volumes were up by a little over 11%, reflecting a resilient market. Rental activity by region was dominated by the Outside Central Region, contributing 38.2% of the total volumes.</p><p>For HDB rentals, July saw an almost 14% increase in volumes, with an estimated 2,993 flats rented compared with 2,631 in June. Year-on-year rental volumes were down by nearly 12%. HDB rents in both Mature and Non-Mature Estates increased, with three-room flats rising by 1.7% and Executive flats up by 1.5%.</p><p>Yearly comparisons show a 5% decrease in condo rents, with the Core Central Region declining by 6.3%. HDB rents have increased by 4.7% from July 2023.</p><p>Looking ahead, the market faces uncertainties, particularly with the upcoming Employment Pass renewals under the new COMPASS criteria, which could affect rental supply and pricing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"A17U.SI":"凯德腾飞房产信托","BK6045":"建筑与工程","BK6520":"工商业服务概念","K71U.SI":"吉宝房地产信托"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2461633138","content_text":"Singapore's rental market showed signs of stabilization in July, with condominium rental prices rising 0.9% and Housing and Development Board (HDB) rents increasing 1.4% from the previous month, data from 99.co and SRX showed.Condo rental volumes surged past 35% month-on-month to 8,133 units, up from 6,020 in June. 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