Condo Rents Rise by 3.2% in August 2022, Rising for 20th Consecutive Month; HDB Rents Increase by 2.4%, Increasing for 26th Straight Month

14 Sep 2022
Property Data
A. Condo Rental Market
  1. August 2022 rents climb by 3.2% from July 2022. CCR, RCR and OCR rents increase by 3.7%, 3.1% and 3.0% respectively.
Condo Rental Price Index Aug 2022
Condo Rental Price Index By Region Aug 2022
  • Year-on-year, overall rents increase by 27.5% from August 2021.
  • Year-on-year, rents in CCR, RCR and OCR increase by 27.0%, 27.2% and 28.2% respectively.
  1. Volumes increase by 0.4% month-on-month. An estimated 4,524 units are rented in August 2022 as compared to 4,506 units rented in July 2022.
Condo Rental Volume Aug 2022
Condo Rental Volume Breakdown By Region Aug 2022
  • Year-on-year, rental volumes are 6.3% lower.
  • Volumes are 8.0% lower than the 5-year average volume for the month of August.
  • Breaking it down by region, in August 2022, 37.1% of the total volumes are from OCR, 34.8% from RCR and 28.2% from CCR.
B. HDB Rental Market
  1. August 2022 HDB rents increase by 2.4% from July 2022. Mature and Non-Mature Estates rents increase by 2.6% and 2.3% respectively. Meanwhile, 3 Room, 4 Room, 5 Room and Executive rents increase by 2.0%, 3.5%, 1.9% and 2.8%.
HDB Rental Price Index Aug 2022
HDB Rental Price Index By Mature and Non Mature Estates Aug 2022  Part 1
HDB Rental Price Index By Mature and Non Mature Estates Aug 2022  Part 2
HDB Rental Price Index By Flat Type Aug 2022
  • Year-on-year, overall rents increase by 21.6%.
  • Year-on-year, Mature Estates and Non-Mature Estates rents increase by 21.3% and 21.7% respectively.
  • Year-on-year, all room types record rent increases: 3 Room by 21.5%, 4 Room by 20.8%, 5 Room by 22.9% and Executive rents by 19.7%. 
  1. Volumes increase by 3.8% month-on-month. An estimated 1,765 HDB flats are rented in August 2022 compared to 1,700 units in July 2022.

HDB Rental Volume Aug 2022
HDB Rental Volume Breakdown By Room Type Aug 2022
  • Year-on-year, rental volumes decrease by 1.3% from August 2021.
  • Volumes are 3.0% lower than the 5-year average volume for the month of August.
  • Breaking it down by room type, in August 2022, 35.3% of the total volumes are from 3 Room, 38.3% from 4 Room, 21.5% from 5 Room and 4.9% from Executive.
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