{"id":55638,"date":"2022-07-05T12:35:00","date_gmt":"2022-07-05T04:35:00","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=55638"},"modified":"2023-05-30T11:07:44","modified_gmt":"2023-05-30T03:07:44","slug":"hdb-rental-prices-for-3-4-5-rooms-flats","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/hdb-rental-prices-for-3-4-5-rooms-flats\/","title":{"rendered":"HDB rental prices for 3, 4 and 5-rooms flats in Singapore (2023)"},"content":{"rendered":"
<\/div>\n

HDB rental prices in Singapore have been rising steadily over the last three years, marking a long continuous growth in the already robust rental market. <\/p>\n\n\n\n

According to HDB\u2019s Q1 2023 resale and rental reports<\/a>, the number of approved applications to rent out HDB flats rose by 13.9% (1,181), from 8,476 cases in 4th Quarter 2022 to 9,657 cases in 1st Quarter 2023.  <\/p>\n\n\n\n

When we zoom in to 3-, 4- and 5-room flats, the difference was around 3.28%, falling from 9,781 cases to 9,460 cases. <\/p>\n\n\n\n

Quarter<\/strong><\/td>3-room<\/strong><\/td>4-room<\/strong><\/td>5-room<\/strong><\/td>Total<\/strong><\/td><\/tr>
Q4 2022<\/td>2,700<\/td>3,129<\/td>1,996<\/td>8,476<\/td><\/tr>
Q1 2023<\/td>3,178<\/td>3,441<\/td>2,310<\/td>9,657<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

HDB rental prices in 2023<\/strong><\/h2>\n\n\n\n

If you\u2019re looking at renting an HDB flat, you\u2019ll need to know the median prices across all HDB estates in Singapore. <\/p>\n\n\n\n

\"hdb<\/figure>\n\n\n\n

The median means that half of the flats had rental rates above the stated number, while the other half were below that (which means that the rental rate can be higher or lower, depending on various factors such as the flat\u2019s existing condition and the amenities in the vicinity). <\/p>\n\n\n\n

HDB Median Rental Statistics Q1 2022<\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Towns<\/th>Type of estate<\/th>3-room<\/th>4-room<\/th>5-room<\/th>\n<\/tr>\n<\/thead>\n
Ang Mo Kio<\/td>Mature<\/td>S$1,900<\/td>S$2,350<\/td>S$2,600<\/td>\n<\/tr>\n
Bedok<\/td>Mature<\/td>S$1,900<\/td>S$2,200<\/td>S$2,500<\/td>\n<\/tr>\n
Bishan<\/td>Mature<\/td>S$2,130<\/td>S$2,500<\/td>S$2,700<\/td>\n<\/tr>\n
Bukit Batok<\/td>Non-mature<\/td>S$1,900<\/td>S$2,100<\/td>S$2,600<\/td>\n<\/tr>\n
Bukit Merah<\/td>Mature<\/td>S$2,100<\/td>S$2,800<\/td>S$3,000<\/td>\n<\/tr>\n
Bukit Panjang<\/td>Non-mature<\/td>S$1,700<\/td>S$2,100<\/td>S$2,400<\/td>\n<\/tr>\n
Bukit Panjang<\/td>Mature<\/td>*<\/td>*<\/td>*<\/td>\n<\/tr>\n
Central<\/td>Mature<\/td>S$2,300<\/td>S$3,000<\/td>*<\/td>\n<\/tr>\n
Choa Chu Kang<\/td>Non-mature<\/td>S$1,780<\/td>S$2,050<\/td>S$2,200<\/td>\n<\/tr>\n
Clementi<\/td>Mature<\/td>S$2,100<\/td>S$2,600<\/td>S$2,800<\/td>\n<\/tr>\n
Geylang<\/td>Mature<\/td>S$2,000<\/td>S$2,500<\/td>S$2,600<\/td>\n<\/tr>\n
Hougang<\/td>Non-mature<\/td>S$1,900<\/td>S$2,200<\/td>S$2,400<\/td>\n<\/tr>\n
Jurong East<\/td>Non-mature<\/td>S$1,900<\/td>S$2,300<\/td>S$2,500<\/td>\n<\/tr>\n
Jurong West<\/td>Non-mature<\/td>S$1,800<\/td>S$2,300<\/td>S$2,460<\/td>\n<\/tr>\n
Kallang\/Whampoa<\/td>Mature<\/td>S$2,100<\/td>S$2,600<\/td>S$2,700<\/td>\n<\/tr>\n
Marine Parade<\/td>Mature<\/td>S$2,030<\/td>S$2,300<\/td>*<\/td>\n<\/tr>\n
Pasir Ris<\/td>Mature<\/td>*<\/td>S$2,200<\/td>S$2,300<\/td>\n<\/tr>\n
Punggol<\/td>Non-mature<\/td>S$2,200<\/td>S$2,300<\/td>S$2,300<\/td>\n<\/tr>\n
Queenstown<\/td>Mature<\/td>S$2,200<\/td>S$2,900<\/td>S$3,010<\/td>\n<\/tr>\n
Sembawang<\/td>Non-mature<\/td>*<\/td>S$2,100<\/td>S$2,250<\/td>\n<\/tr>\n
Sengkang<\/td>Non-mature<\/td>*<\/td>S$2,200<\/td>S$2,250<\/td>\n<\/tr>\n
Serangoon<\/td>Mature<\/td>S$2,000<\/td>S$2,300<\/td>S$2,540<\/td>\n<\/tr>\n
Tampines<\/td>Mature<\/td>S$2,000<\/td>S$2,300<\/td>S$2,500<\/td>\n<\/tr>\n
Toa Payoh<\/td>Mature<\/td>S$2,000<\/td>S$2,450<\/td>S$2,800<\/td>\n<\/tr>\n
Woodlands <\/td>Non-mature<\/td>S$1,650<\/td>S$2,100<\/td>S$2,400<\/td>\n<\/tr>\n
Yishun<\/td>Non-mature<\/td>S$1,900<\/td>S$2,100<\/td>S$2,330<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

*Less than 20 rental transactions in the quarter<\/em><\/p>\n\n\n\n

What causes the HDB flat rental prices to be higher or lower?<\/strong><\/h2>\n\n\n\n

Let\u2019s look at which towns command the highest and lowest HDB rental rates.<\/p>\n\n\n\n

HDB towns with the highest median rental rates<\/strong><\/p>\n\n\n\n

3-room<\/strong><\/td>4-room<\/strong><\/td>5-room<\/strong><\/td><\/tr>
Central<\/strong>
(S$2,300)<\/td>		Central<\/strong>
(S$3,000)<\/td>		Queenstown<\/strong>
(S$3,010)<\/td><\/tr>
Punggol & Queenstown <\/strong>
(S$2,200)<\/td>		Queenstown<\/strong>
(S$2,900)<\/td>		Bukit Merah <\/strong>
(S$3,000)<\/td><\/tr>
Bishan<\/strong>
(S$2,130)<\/td>		Bukit Merah<\/strong>
(S$2,800)<\/td>		Toa Payoh & Clementi <\/strong>
(S$2,800)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

HDB towns with the lowest median rental rates<\/strong><\/p>\n\n\n\n

3-room<\/strong><\/td>4-room<\/strong><\/td>5-room<\/strong><\/td><\/tr>
Woodlands<\/strong>
(S$1,650)<\/td>		Choa Chu Kang<\/strong>
(S$2,050)<\/td>		Choa Chu Kang<\/strong>
(S$2,200)<\/td><\/tr>
Choa Chu Kang<\/strong>
(S$1,780)<\/td>		Bukit Batok, Bukit Panjang, Sembawang, Woodlands, Yishun<\/strong>
(S$2,100)<\/td>		Sembawang & Sengkang<\/strong>
(S$2,250)<\/td><\/tr>
Jurong West<\/strong>
(S$1,800)<\/td>		Bedok, Hougang, Jurong West, Pasir Ris, Sengkang<\/strong>
(S$2,200)<\/td>		Pasir Ris & Punggol <\/strong>
(S$2,300)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

It\u2019s no surprise that mature estates command the highest rental rates across all flat types (with Punggol being an exception). <\/p>\n\n\n\n

Their proximity to the Central Business District<\/a> and the plethora of amenities within short walking distance give mature estates the ability to command a hefty premium.<\/p>\n\n\n\n

Non-mature estates round out the bottom of the list. There\u2019s a considerable price difference of between S$650 to S$950 between mature and non-mature estates, suggesting that people are willing to shell out more money to live in a well-established neighbourhood.<\/p>\n\n\n\n

Flats located near an MRT station also generally tend to be priced higher, due to the added convenience.<\/p>\n\n\n\n

Read this: 99.co\u2019s guides: Mature estate vs non-mature estates <\/a><\/i><\/p>\n\n\n\n

HDB rental price: 3-room flats<\/strong><\/h3>\n\n\n\n