HDB rents tick up by 0.7% in May

Around 1,873 HDB flats were rented.

Rents for HDB units increased slightly by 0.7% in May compared to the previous month.

According to SRX Property, rental costs for HDB 3 Rooms, HDB 4 Rooms, HDB 5 Rooms and HDB Executive increased by 1.5%, 0.6%, 0.2% and 0.2%, respectively.

On a yearly basis, rents in May were down by 3.6% from May 2016. They were also down by 13% compared to its peak in August 2013.

Year-to-date, rental price index has declined 0.4% from January 2017.

In terms of rental volume, units rented almost remained unchanged compared to the previous month. Around 1,873 HDB flats were rented in May.
 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley