HDB flat rentals down 0.8% in March, but rental volume up 45.3%

Singapore

HDB flat rentals dropped slightly in March from February, even as rental volume jumped, according to latest estimates from SRX Property released on Wednesday.

Rents for HDB flats fell by 0.8 per cent in March from February. Compared with a year ago, rents in March were down by 2.4 per cent.

March rents were also down 15.6 per cent compared with the peak in August 2013. Even so, HDB rental volume was up 45.3 per cent in March over February, with an estimated 2,036 flats rented in March compared with 1,401 units in the month before…