Condo and HDB Rents Jump 11.4% and 10.4% in 2021; Both Increase More than 1% in December

12 Jan 2022
Property Data
A. Condo Rental Market
  1. December 2021 rents climb 1.1% from November 2021. CCR, RCR and OCR rents increase by 0.6%, 0.9% and 1.7% respectively.
Condo Rental Price Index Dec 2021

Condo Rental Price Index By Region Dec 2021
  • Year-on-year, overall rents increase by 11.4% from December 2020.
  • Year-on-year, rents in CCR, RCR and OCR increase by 11.6%, 10.1% and 12.3% respectively.
  • Rents are down 6.7% from the peak in January 2013.
  1. Volumes decrease by 1.0% month-on-month. An estimated 4,512 units are rented in December 2021 as compared to 4,559 units rented in November 2021.

Condo Rental Volume Dec 2021
  • The total rental volume in the year is 58,613, which is an increase of 6.8% from 2020.
  • Year-on-year, rental volumes are 4.4% lower.
  • Volumes are 9.0% higher than the 5-year average volume for the month of December.
  • Breaking down by regions, in December 2021, 39.7% of the total volumes are from OCR, 30.7% from RCR and 29.6% from CCR.
B. HDB Rental Market
  1. December 2021 HDB rents increase by 1.4% from November 2021. Mature and Non-Mature Estates rents increase by 0.1% and 2.8% respectively. 3 Room, 4 Room, 5 Room and Executive rents increase by 0.8%, 1.9%, 0.8% and 1.1% respectively.
HDB Rental Price Index Dec 2021
HDB Mature and Non Mature Estates Price Index Dec 2021  Part 1
HDB Mature and Non Mature Estates Price Index Dec 2021  Part 2
  • Year-on-year, overall rents increase by 10.4%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 8.3% and 12.5% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 8.9%, 4 Room by 10.2%, 5 Room by 11.2% and Executive rents by 8.8%.
  • Rents are down 3.8% from the peak in August 2013. 
  1. Volumes decrease by 1.2% month-on-month. An estimated 1,770 HDB flats are rented in December 2021 compared to 1,792 units in November 2021.
HDB Rental Volume Dec 2021
  • The total rental volume in the year is 21,924, which is an increase of 4.0% from 2020.
  • Year-on-year, rental volumes increase by 0.2% from December 2020.
  • Volumes are 1.2% lower than the 5-year average volume for the month of December.
  • Breaking down by room types, in December 2021, 37.0% of the total volumes are from 4 Room, 34.2% from 3 Room, 23.9% from 5 Room and 4.9% from Executive.
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