Continued strength ahead in HDB, private housing rental markets

Industry players cite en-bloc sales, delays in construction of new units and foreign students, expats returning next year as travel gradually resumes

Fiona Lam

Published Wed, Dec 22, 2021 · 05:50 AM

Singapore property

Singapore

HEIGHTENED leasing demand for homes in Singapore has pushed some rents up to levels unseen in recent years, with robust volumes in certain heartland locations as well as Districts 9 and 10.

It comes as overall rents of private and public housing have been climbing in the past year.

Huttons Asia told The Business Times that a three-room Housing Board (HDB) flat in Yishun was recently rented at S$2,200 per month, higher than the previous monthly contracted rate of S$1,600. In Sembawang, an executive apartment went for S$2,700 per month, up 35 per cent from S$2,000 previously.

Huttons Asia chief executive officer (CEO) Mark Yip noted: "HDB flats in the northern pa…