HDB rental volume dips 1.6% in September
Rental prices dropped by 4.1% for the month.
The rental volume of HDB flats dipped 1.6% MoM from 1,652 units in August 2017 to 1,625 units in September 2017, the Singapore Real Exchange (SRX) revealed.
According to its flash data, rent prices declined 4.1% YoY and 0.9% MoM.
All types of HDB rooms reported price decreases for the month.
Prices of HDB 3, HDB 4, HDB 5, and HDB Executives dipped by 0.9%, 0.8%, 0.9% and 2.6%, respectively.
Rents for the month were down 14.7% from its peak in August 2013.