Rents for HDB flats saw a flattish growth of 0.3% MoM and YoY in Jan, SRX Property revealed. HDB 5-rooms led the rent hikes as rates rose 1.2% MoM. The firm noted that HDB 4-Rooms (0.3%) and HDB Executive (0.7%) also saw rental increases compared to their rates in Dec. Meanwhile, rental rates for HDB 3-Rooms dipped 0.8% MoM. In mature estates, rents inched up 0.6% MoM whilst rates in non-mature estates dipped 0.1% MoM, SRX Property noted. They added that rental rates for HDB flats were down 15.1% in Jan compared to their peak in August 2013. SRX Property noted that the HDB rental volume climbed 7.2% MoM to 1,864 flats in Jan from 1,738 units rented in Dec. On a YoY basis, rental volumes decreased 3.8% compared to the 1,937 units rented in Jan 2018. “With more flats being put up in the market for rental, rents may correct by 1 to 3% this year, whilst leasing volume may rise to between 55,000 and 56,000 this year,” OrangeTee & Tie head of research and consultancy Christine Sun commented.... Continue Reading