Condo and HDB Rents Increase 1.0% and 0.5% on Lower Volumes in February 2021

11 Mar 2021
Property Data
A. Condo Rental Market
  1. February 2021 rents increase 1.0% from January 2021. CCR, RCR and OCR rents increase by 1.6%, 0.8% and 0.8% respectively.

condo rental price index 2021 february

condo rental price index by region 2021 february
  • Year-on-year, overall rents increase by 1.2% from February 2020.
  • Year-on-year, rents in RCR and OCR increase by 0.5% and 3.6% respectively while rents in CCR decrease by 1.7%.
  • Rents are down 14.0% from the peak in January 2013.
  1. Volumes decrease 9.9% month-on-month. An estimated 4,013 units are rented in February 2021 as compared to 4,456 units in January 2021.
condo rental volume 2021 february
  • Year-on-year, rental volumes are 19.5% lower.
  • Volumes are 2.1% lower than the 5-year average volume for the month of February.
  • Breaking down by regions, in February 2021, 38.1% of the total volumes are from OCR, 34.2% from RCR and 27.7% from CCR.

B. HDB Rental Market
  1. February 2021 HDB rents increase 0.5% from January 2021. Mature and Non-Mature Estates rents increase by 0.6% and 0.4% respectively. 3 Room, 5 Room and Executive rents increase by 1.3%, 1.1% and 1.0% respectively while 4 Room rents decrease by 0.5%.
hdb rental price index 2021 february

hdb rental price index by estate type 2021 february 
hdb rental price index by estate type table 2021 february

hdb rental price index by flat type 2021 february
  • Year-on-year, overall rents increase by 2.0%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 1.0% and 3.0% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 2.3%, 4 Room by 2.3%, 5 Room by 1.6% and Executive rents by 1.7%.
  • Rents are down 11.6% from the peak in August 2013.
  1. Volumes decrease 17.7% month-on-month. An estimated 1,497 HDB flats are rented in February 2021 versus 1,819 units in January 2021.
hdb rental volume 2021 february
  • Year-on-year, rental volumes decrease by 23.2% from February 2020.
  • Volumes are 11.2% lower than the 5-year average volume for the month of February.
  • Breaking down by room types, in February 2021, 34.0% of the total volumes are from 4 Room, 34.0% from 3 Room, 25.6% from 5 Room and 6.5% from Executive.
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