Condo Rents Increase Marginally by 0.3%, HDB Rents Increase 0.7% in May 2021

09 Jun 2021
Property Data
A. Condo Rental Market
  1. May 2021 rents increase 0.3% from April 2021. CCR and OCR rents increase by 1.1% and 0.5% respectively while RCR rents decrease by 0.6%.
Condo Rental Price Index May 2021
Condo Rental Price Index By Region May 2021

  • Year-on-year, overall rents increase by 7.3% from May 2020.
  • Year-on-year, rents in CCR, RCR and OCR increase by 5.1%, 6.1% and 9.7% respectively.
  • Rents are down 11.4% from the peak in January 2013.
  1. Volumes increase by 1.7% month-on-month. An estimated 4,603 units are rented in May 2021 as compared to 4,527 units rented in April 2021.
Condo Rental Volume May 2021
  • Year-on-year, rental volumes are 39.3% higher.
  • Volumes are 0.1% higher than the 5-year average volume for the month of May.
  • Breaking down by regions, in May 2021, 41.2% of the total volumes are from OCR, 30.7% from RCR and 28.0% from CCR.
  • Actual volume in April is lower than the estimate given in last month's flash report.
B. HDB Rental Market
  1. May 2021 HDB rents increase 0.7% from April 2021. Mature and Non-Mature Estates rents increase by 1.4% and 0.1% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.4%, 1.5%, 0.3% and 0.9% respectively.
HDB Rental Price Index May 2021
HDB Rental Price Index By Mature Non Mature Estates May 2021 Part 1
HDB Rental Price Index By Mature Non Mature Estates May 2021 Part 2
HDB Rental Price Index By Flat Types May 2021
  • Year-on-year, overall rents increase by 7.9%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 7.2% and 8.6% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 7.3%, 4 Room by 9.1%, 5 Room by 7.2% and Executive rents by 4.9%.
  • Rents are down 9.2% from the peak in August 2013.
  1. Volumes decrease by 0.9% month-on-month. An estimated 1,686 HDB flats are rented in May 2021 compared to 1,702 units in April 2021.
HDB Rental Volume May 2021
  • Year-on-year, rental volumes increase by 30.4% from May 2020.
  • Volumes are 8.5% lower than the 5-year average volume for the month of May.
  • Breaking down by room types, in May 2021, 36.8% of the total volumes are from 4 Room, 31.4% from 3 Room, 24.8% from 5 Room and 7.0% from Executive.
  • Actual volume in April is lower than the estimate given in last month's flash report.


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