Rents of Singapore non-landed private homes fall in May; HDB flat rents up: SRX

RENTS of non-landed private homes in Singapore fell 0.8 per cent in May 2017 over the preceding month, while rents of HDB flats rose 0.7 per cent over the same period, based on the latest flash estimates for May released by SRX Property on Wednesday.

Its rental index for private apartments and condos has eased 3.9 per cent year on year from May 2016. From its peak in January 2013, the index has shed some 19.7 per cent.

An estimated 4,650 non-landed private homes were rented last month, up 12.5 per cent from the 4,134 units rented in April 2017 and also 6.1 per cent higher than the 4,381 units rented in May 2016.

SRX Property's rental index for HDB flats in May 2017 was 13 per cent below its peak in August 2013.

An estimated 1,873 HDB flats were rented in May 2017, close to the 1,872 units rented in April 2017 but down 3.5 per cent from May 2016.