Condo and HDB Rents Increase by 0.7% and 0.6% in September 2021

13 Oct 2021
Property Data
A. Condo Rental Market
  1. September 2021 rents climb 0.7% from August 2021. CCR, RCR and OCR rents increase by 1.0%, 0.5% and 0.8% respectively.
    Condo Rental Price Index Sep 2021
Condo Rental Price Index By Region Sep 2021
  • Year-on-year, overall rents increase by 8.0% from September 2020.
  • Year-on-year, rents in CCR, RCR and OCR increase by 7.2%, 8.1% and 8.3% respectively.
  • Rents are down 10.3% from the peak in January 2013.
  1. Volumes decrease by 0.7% month-on-month. An estimated 4,454 units are rented in September 2021 as compared to 4,484 units rented in August 2021.
Condo Rental Volume Sep 2021
  • Year-on-year, rental volumes are 3.0% lower.
  • Volumes are 2.3% higher than the 5-year average volume for the month of September.
  • Breaking down by regions, in September 2021, 39.3% of the total volumes are from OCR, 31.1% from RCR and 29.7% from CCR.
  • Actual volume in August is lower than the estimate given in last month's flash report.
B. HDB Rental Market
  1. September 2021 HDB rents increase by 0.6% from August 2021. Mature and Non-Mature Estates rents increase by 1.0% and 0.1% respectively. 3 Room, 5 Room and Executive rents increase by 0.9%, 0.6% and 0.3% respectively while 4 Room rents remain unchanged.
HDB Rental Price Index Sep 2021
HDB Mature and Non Mature Price Index Sep 2021  Part 1
HDB Mature and Non Mature Price Index Sep 2021  Part 2
HDB Rental Price Index By Flat Type Sep 2021
  • Year-on-year, overall rents increase by 8.8%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 7.7% and 10.0% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 7.1%, 4 Room by 9.4%, 5 Room by 10.0% and Executive rents by 7.6%.
  • Rents are down 6.8% from the peak in August 2013.
  1. Volumes decrease by 0.5% month-on-month. An estimated 1,702 HDB flats are rented in September 2021 compared to 1,710 units in August 2021.
HDB Rental Volume Sep 2021
  • Year-on-year, rental volumes increase by 2.9% from September 2020.
  • Volumes are 4.6% lower than the 5-year average volume for the month of September.
  • Breaking down by room types, in September 2021, 37.4% of the total volumes are from 4 Room, 33.9% from 3 Room, 23.3% from 5 Room and 5.5% from Executive.
  • Actual volume in August is lower than the estimate given in last month's flash report.



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