{"id":76025,"date":"2024-06-21T17:57:42","date_gmt":"2024-06-21T09:57:42","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=76025"},"modified":"2024-06-21T17:57:47","modified_gmt":"2024-06-21T09:57:47","slug":"condo-hdb-rent-may-2024-flash-report","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-hdb-rent-may-2024-flash-report\/","title":{"rendered":"Slight dip in condo rents, yearly growth for HDBs"},"content":{"rendered":"
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Table of contents:<\/h2>\n\n\n\n
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  1. Condo rental market report<\/a><\/li>\n\n\n\n
  2. HDB rental market report<\/a><\/li>\n\n\n\n
  3. Conclusion<\/a><\/li>\n<\/ol>\n\n\n\n
    \n\n\n\n

    In May 2024, the rental market in Singapore experienced significant fluctuations, encompassing various trends within the condominium and HDB segments. This report offers a comprehensive analysis of the recent adjustments in rental prices and volumes, emphasising the monthly and yearly variations in different regions and room types.<\/p>\n\n\n\n

    A comprehensive analysis of these trends is essential for renters, landlords, and investors to navigate the changing dynamics of Singapore’s rental market.<\/p><\/p>\n\n\n\n

    \n\n\n\n

    Condo rental market report<\/h2>\n\n\n\n

    May 2024 rents decrease by 0.5% from April 2024<\/h3>\n\n\n\n
    \"condo<\/figure>\n\n\n\n

    Rental prices decreased by 0.5% compared to April. This decline was observed across different regions, with the Core Central Region (CCR) experiencing a 0.2% reduction, the Rest of Central Region (RCR) seeing a 1.1% drop, and the Outside Central Region (OCR) rents decreasing by 0.7%.<\/p>\n\n\n

    Read this: Million dollar HDB flats hit current record high again in May 2024; But prices only up by 0.3% <\/a><\/i><\/p>\n\n\n\n

    In the year-on-year analysis, the rental prices experienced a 4.5% decrease from May 2023. This trend was observed across specific regions, with rents in the CCR declining by 3.7%, and the RCR and OCR witnessing a more substantial drop of 4.9%.<\/p>\n\n\n\n

    Volumes decreased by 12.2% month-on-month.<\/h3>\n\n\n\n
    \"condo<\/figure>\n\n\n\n

    Rental volumes decreased by 12.2% from the previous month. An estimated 5,155 units were rented during this period, compared to the 5,874 units in April 2024. This decline in rental activity represents a significant trend in the market.<\/p>\n\n\n