{"id":77537,"date":"2024-08-20T18:32:37","date_gmt":"2024-08-20T10:32:37","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=77537"},"modified":"2024-08-21T11:04:23","modified_gmt":"2024-08-21T03:04:23","slug":"condo-hdb-rent-july-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-hdb-rent-july-2024\/","title":{"rendered":"July 2024: Condo rentals surge 35.1%, HDB rents rise despite volume drop"},"content":{"rendered":"
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In our previous flash report cover, we saw a respectable surge in volumes for condo rents while a modest increase in HDB rents. What does it look like for July? Teaser: there are big jumps in numbers!<\/em><\/p>\n\n\n\n

In July 2024, the rental market stabilised, with a 0.9% increase in condo rental prices and a 1.4% increase in HDB rents month-on-month. Take a look at the graphs below:<\/p>\n\n\n\n

Meanwhile, condo rental volumes experienced a surge of 35.1% from the previous month, while HDB rental volumes also increased by 13.8%, as can be seen from the graphs below:<\/p>\n\n\n\n

Both markets experienced year-on-year declines in overall rents and volumes, reflecting a lingering softness in demand. Despite the recent uptick in activity, uncertainties remain, particularly with upcoming Employment Pass (EP) renewals<\/a>, which could impact rental supply and prices in the coming months.<\/p>\n\n\n\n

This article covers the main points of the Rental Flash Report for July 2024.<\/p>\n\n\n\n

Read this: June 2024 condo rent volumes surged by 16.8%, HDB rents saw slight rise<\/a><\/i><\/p>\n\n\n\n

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Table of contents:<\/h2>\n\n\n\n
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  1. Condo rental market<\/a>\n