The rental volume for both HDB flats and condominium units went up in Dec as more overseas Singaporeans and long-term pass holders returned to Singapore. Condo leasings rose 5.3 per cent last month to an estimated 4,414 units, compared with 4,193 units in Nov, according to flash data from SRX Property released on Wed. The rental volume was 15.4 per cent higher than the five-year average volume for the month of Dec. However, the full-year 2020 total of 52,333 rental transactions was 11.4 per cent lower than for 2019. HDB rental volume climbed 9 per cent m-o-m to an estimated 1,774 flats in Dec, compared with 1,627 units in Nov. Y-o-y, HDB leasings are down 4 per cent from De 2019, before the onset of Covid-19. A total of 20,501 rental transactions were recorded for the whole of 2020, which is 15.3 per cent lower than for 2019. Overall rents for condo units in Dec decreased by 0.3 per cent from Nov, breaking a five-month streak. HDB rental market remained strong as rent increased by 0.4 per cent in Dec from the month before. Overall HDB rents increased by 1.2 per cent in 2020 compared with the year before.... Continue Reading