Condo Rents Remain Flat, HDB Rents Increase 1.0% in June 2021

14 Jul 2021
Property Data
A. Condo Rental Market
  1. June 2021 rents stay flat from May 2021. CCR rents decrease by 0.3%, RCR rents increase by 0.4% while OCR rents experience no change.
Condo Rental Price Index Jun 2021
Condo Rental Price Index By Region Jun 2021
  • Year-on-year, overall rents increase by 8.0% from June 2020.
  • Year-on-year, rents in CCR, RCR and OCR increase by 6.7%, 8.0% and 8.9% respectively.
  • Rents are down 11.1% from the peak in January 2013.
  1. Volumes increase by 7.6% month-on-month. An estimated 5,468 units are rented in June 2021 as compared to 5,083 units rented in May 2021.
Condo Rental Volume Jun 2021
  • Year-on-year, rental volumes are 11.4% higher.
  • Volumes are 12.4% higher than the 5-year average volume for the month of June.
  • Breaking down by regions, in June 2021, 39.2% of the total volumes are from OCR, 32.0% from RCR and 28.8% from CCR.
  • Actual volume in May is higher than the estimate given in last month's flash report.

B. HDB Rental Market
  1. June 2021 HDB rents increase by 1.0% from May 2021. Mature and Non-Mature Estates rents increase by 0.1% and 1.9% respectively. 3 Room, 4 Room and 5 Room rents increase by 0.9%, 0.5% and 1.5% respectively while Executive rents remain flat.
HDB Rental Price Index Jun 2021
HDB Price Index By Mature And Non Mature Estates Jun 2021  Part 1
HDB Price Index By Mature And Non Mature Estates Jun 2021  Part 2
HDB Rental Price Index By Flat Type Jun 2021
  • Year-on-year, overall rents increase by 9.2%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 6.6% and 11.8% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 8.8%, 4 Room by 9.2%, 5 Room by 9.8% and Executive rents by 6.2%.
  • Rents are down 8.3% from the peak in August 2013. 
  1. Volumes increase by 2.9% month-on-month. An estimated 1,910 HDB flats are rented in June 2021 compared to 1,857 units in May 2021.
HDB Rental Volume Jun 2021
  • Year-on-year, rental volumes decrease by 6.8% from June 2020.
  • Volumes are 1.3% lower than the 5-year average volume for the month of June.
  • Breaking down by room types, in June 2021, 36.9% of the total volumes are from 4 Room, 34.6% from 3 Room, 23.4% from 5 Room and 5.1% from Executive.
  • Actual volume in May is higher than the estimate given in last month's flash report.
Concierge
combines advanced technology with personalized service to help you achieve your property goals.