Condo Rents Increase by 2.3% in April 2022, Rising for 16th Consecutive Month; HDB Rents Rise by 1.9%, Climbing for 22nd Straight Month

11 May 2022
Property Data
A. Condo Rental Market
  1. April 2022 rents climb 2.3% from March 2022. CCR, RCR and OCR rents increase by 3.1%, 1.8% and 2.1% respectively.
Condo Rental Price Index April 2022
Condo Rental Price Index By Region April 2022
  • Year-on-year, overall rents increase by 15.1% from April 2021.
  • Year-on-year, rents in CCR, RCR and OCR increase by 14.0%, 14.4% and 16.5% respectively.
  • April 2022 condo rents surpass the previous peak in January 2013 by 1.8%.
  1. Volumes decrease by 21.0% month-on-month. An estimated 3,551 units are rented in April 2022 as compared to 4,497 units rented in March 2022.

Condo Rental Volume April 2022
  • Year-on-year, rental volumes are 28.9% lower.
  • Volumes are 23.2% lower than the 5-year average volume for the month of April.
  • Breaking down by regions, in April 2022, 38.1% of the total volumes are from OCR, 32.0% from RCR and 29.9% from CCR.

B. HDB Rental Market
  1. April 2022 HDB rents increase by 1.9% from March 2022. Mature Estates rents increase by 2.2% while Non-Mature Estates rents increase by 1.7%. 3 Room, 4 Room, 5 Room and Executive rents increase by 1.4%, 2.3%, 2.3% and 1.2% respectively.
HDB Rental Price Index April 2022
HDB Rental Price Index By Mature and Non Mature Estates April 2022  Part 1
HDB Rental Price Index By Mature and Non Mature Estates April 2022  Part 2
HDB Rental Price Index By Flat Type April 2022
  • Year-on-year, overall rents increase by 14.3%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 14.2% and 14.4% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 13.2%, 4 Room by 14.7%, 5 Room by 15.1% and Executive rents by 10.6%.
 
  1. Volumes decrease by 20.7% month-on-month. An estimated 1,382 HDB flats are rented in April 2022 compared to 1,743 units in March 2022.
HDB Rental Volume April 2022

  • Year-on-year, rental volumes decrease by 24.5% from April 2021.
  • Volumes are 28.0% lower than the 5-year average volume for the month of April.
  • Breaking down by room types, in April 2022, 37.4% of the total volumes are from 3 Room, 36.7% from 4 Room, 21.9% from 5 Room and 4.1% from Executive.
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