Condo and HDB Rents Increase by 1.3% and 0.2% in October 2021

10 Nov 2021
Property Data
A. Condo Rental Market
  1. October 2021 rents climb 1.3% from September 2021. CCR, RCR and OCR rents increase by 1.0%, 1.3% and 1.6% respectively.
Condo Rental Price Index Oct 2021
Condo Rental Price Index By Region Oct 2021
  • Year-on-year, overall rents increase by 9.1% from October 2020.
  • Year-on-year, rents in CCR, RCR and OCR increase by 8.4%, 8.7% and 9.9% respectively.
  • Rents are down 9.1% from the peak in January 2013.
  1. Volumes increase by 10.1% month-on-month. An estimated 4,651 units are rented in October 2021 as compared to 4,225 units rented in September 2021.
Condo Rental Volume Oct 2021
  • Year-on-year, rental volumes are 1.6% lower.
  • Volumes are 5.0% higher than the 5-year average volume for the month of October.
  • Breaking down by regions, in October 2021, 36.5% of the total volumes are from OCR, 32.9% from RCR and 30.6% from CCR.
  • Actual volume in September is lower than the estimate given in last month's flash report.
B. HDB Rental Market

  1. October 2021 HDB rents increase by 0.2% from September 2021. Mature and Non-Mature Estates rents both increase by 0.2% respectively. 3 Room, 5 Room and Executive rents increase by 1.1%, 0.2% and 0.6% respectively while 4 Room rents decrease by 0.1%.
HDB Rental Price Index Oct 2021
HDB Rental Price Index Mature and Non Mature Estates Oct 2021  Part 1
HDB Rental Price Index Mature and Non Mature Estates Oct 2021  Part 2
HDB Rental Price Index By Flat Type Oct 2021
  • Year-on-year, overall rents increase by 8.3%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 7.3% and 9.3% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 8.0%, 4 Room by 8.0%, 5 Room by 9.0% and Executive rents by 7.7%.
  • Rents are down 6.4% from the peak in August 2013.
  1. Volumes increase by 8.2% month-on-month. An estimated 1,751 HDB flats are rented in October 2021 compared to 1,619 units in September 2021.
HDB Rental Volume Oct 2021
  • Year-on-year, rental volumes decrease by 1.1% from October 2020.
  • Volumes are 7.4% lower than the 5-year average volume for the month of October.
  • Breaking down by room types, in October 2021, 36.9% of the total volumes are from 4 Room, 36.8% from 3 Room, 20.9% from 5 Room and 5.4% from Executive.
  • Actual volume in September is lower than the estimate given in last month's flash report.


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