{"id":78594,"date":"2024-09-19T16:03:34","date_gmt":"2024-09-19T08:03:34","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=78594"},"modified":"2024-09-19T17:04:46","modified_gmt":"2024-09-19T09:04:46","slug":"condo-hdb-rental-market-august-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/condo-hdb-rental-market-august-2024\/","title":{"rendered":"August 2024: Rental volume drops on both Condo and HDB; 12.3% decrease amid a year-on-year decline for HDB"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p>The rental market in August 2024 reveals key differences in the performance of the Condo and HDB sectors. Transaction volume for both decreased as expected after <a href=\"https:\/\/www.99.co\/singapore\/insider\/condo-hdb-rent-july-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">the strong month of July<\/a>, partially due to the Hungry Ghost Festival.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>While both sectors experienced volume drops, <a href=\"https:\/\/www.99.co\/singapore\/rent\/condos-apartments\" target=\"_blank\" rel=\"noopener\">Condo rents<\/a> showed early signs of recovery. On the other hand, <a href=\"https:\/\/www.99.co\/singapore\/rent\/hdb\" target=\"_blank\" rel=\"noreferrer noopener\">HDB rents<\/a> have softened, providing tenants with more options as Condo rental prices remain relatively low.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h3>Table of contents<\/h3>\r\n<ul>\r\n<li><a href=\"#h-condo-rental-market-price-increased-by-0-3-volume-decreased-by-14\" data-level=\"2\">Condo rental market: Price increased by 0.3%, volume decreased by 14%<\/a><\/li>\r\n<li><a href=\"#h-hdb-rental-market-price-decreased-by-0-4-volume-decreased-by-12-3\" data-level=\"2\">HDB rental market: Price decreased by 0.4%, volume decreased by 12.3%<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n\r\n\r\n<p>Let&#8217;s dive deeper into the rental market in August 2024!<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-condo-rental-market-price-increased-by-0-3-volume-decreased-by-14\" class=\"wp-block-heading\">Condo rental market: Price increased by 0.3%, volume decreased by 14%<\/h2>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"933\" height=\"683\" class=\"wp-image-78598\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-price.png\" alt=\"condo rental price august 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-price.png 933w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-price-150x110.png 150w\" sizes=\"(max-width: 933px) 100vw, 933px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>In August 2024, condo rental prices slightly rose by 0.3% compared to July 2024.\u00a0This increase is for the second consecutive month, signalling a potential recovery after a prolonged 10-month decline that began in August 2023 and ended in May 2024.<\/p>\r\n\r\n\r\n\r\n<p>The rental market began stabilising in June 2024, with prices remaining steady for three consecutive months (June to August), which may suggest a gradual rebound in the condo rental sector.<\/p>\r\n\r\n\r\n\r\n<p>Regionally, rental price increases were observed across all areas:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>CCR<\/strong> (<a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-core-central-region-ccr\/\" target=\"_blank\" rel=\"noopener\">Core Central Region<\/a>): +0.2%<\/li>\r\n\r\n\r\n\r\n<li><strong>RCR<\/strong> (<a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-rest-of-central-region-rcr\/\" target=\"_blank\" rel=\"noopener\">Rest of Central Region<\/a>): +0.4%<\/li>\r\n\r\n\r\n\r\n<li><strong>OCR<\/strong> (<a href=\"https:\/\/www.99.co\/singapore\/sale\/new-launches\/outside-central-region\" target=\"_blank\" rel=\"noopener\">Outside Central Region<\/a>): +0.6%<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>However, year-on-year, rents were still down by 3.7%, with CCR rents decreasing by 4.5%, and both RCR and OCR rents falling by 3.4%.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1040\" height=\"623\" class=\"wp-image-78599\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-vol-1.png\" alt=\"\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-vol-1.png 1040w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/aug-condo-vol-1-150x90.png 150w\" sizes=\"(max-width: 1040px) 100vw, 1040px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>Despite this upward trend, overall transaction volumes fell by 14% month-on-month, with 6,994 units rented in August 2024 compared to 8,136 in July 2024. Year-on-year, rental volumes were 3.8% higher than August 2023, but 7.6% below the 5-year average for August.<\/p>\r\n\r\n\r\n\r\n<p>By region, OCR accounted for 35.2% of rental transactions, RCR for 34.5%, and CCR for 30.4%. This volume decline in August 2024 is partly attributed to seasonal factors like the post Hungry Ghost Festival, which often leads to a slowdown in market activity.<\/p>\r\n\r\n\r\n\r\n<p><em><strong>Additional reading:<\/strong> <a href=\"https:\/\/www.99.co\/singapore\/insider\/hdb-resale-market-august-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">August 2024 HDB resale market: 0.5% price increase, 14.6% drop in transaction volume, and fewer million-dollar flats<\/a><\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-hdb-rental-market-price-decreased-by-0-4-volume-decreased-by-12-3\" class=\"wp-block-heading\">HDB rental market: Price decreased by 0.4%, volume decreased by 12.3%<\/h2>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"961\" height=\"663\" class=\"wp-image-78600\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-price-aug.png\" alt=\"\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-price-aug.png 961w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-price-aug-150x103.png 150w\" sizes=\"(max-width: 961px) 100vw, 961px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>In contrast, the HDB rental market saw a slight 0.4% price decline in August 2024 across all flat types. Mature Estate rents fell by 0.5%, and Non-Mature Estate rents dipped by 0.4%. The breakdown of rent decreases by room type includes:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>3-Room Flats<\/strong>: -0.9%<\/li>\r\n<li><strong>4-Room Flats<\/strong>: No change<\/li>\r\n\r\n\r\n\r\n<li><strong>5-Room Flats<\/strong>: -0.1%<\/li>\r\n\r\n\r\n\r\n<li><strong>Executive Flats<\/strong>: -0.3%<\/li>\r\n\r\n\r\n<\/ul>\r\n\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=condo-resale-market-july-2024\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n<p>Despite the month-on-month decline, HDB rents remained higher on a year-on-year basis, up by 4.2% overall from August 2023. Year-on-year increases were seen across all room types:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>3-Room Flats<\/strong>: +3.8%<\/li>\r\n\r\n\r\n\r\n<li><strong>4-Room Flats<\/strong>: +4.2%<\/li>\r\n\r\n\r\n\r\n<li><strong>5-Room Flats<\/strong>: +4.6%<\/li>\r\n\r\n\r\n\r\n<li><strong>Executive Flats<\/strong>: +5.9%<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"947\" height=\"589\" class=\"wp-image-78601\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-vol-aug.png\" alt=\"\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-vol-aug.png 947w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/09\/hdb-rental-vol-aug-150x93.png 150w\" sizes=\"(max-width: 947px) 100vw, 947px\" \/><\/figure>\r\n\r\n\r\n\r\n<p>HDB rental volumes also declined by 12.3% month-on-month, with 2,626 flats rented in August 2024 compared to 2,993 in July 2024. In terms of distribution, 32.5% of the rented flats were 3-room units, 39.3% were 4-room, 22.7% were 5-room, and 5.6% were Executive units.<\/p>\r\n\r\n\r\n\r\n<p>Year-on-year, rental volumes for HDB were down by 13.4%, and 4.3% below the 5-year average for August. With Condo prices at a local low, there are more rental options for prospective tenants. This might lead to the decrease in HDB rental volume as tenants might prefer to look for rental Condos, which offer more privacy and luxury, instead.<\/p>\r\n    <section id=\"portal-widget-tab-panel-6a0f65187fbae\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6a0f65187fbae\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Looking for rental Condos in Singapore? Check these out!<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/condos-apartments?bathrooms=any&amp;building_age=any&amp;composite_floor_level=any&amp;composite_furnishing=any&amp;composite_views=any&amp;diversity_friendly=false&amp;features_and_amenities=any&amp;has_floor_plan=false&amp;main_category=condo&amp;page_num=1&amp;page_size=36&amp;path=%2Fsingapore%2Frent%2Fcondos-apartments&amp;period_of_availability=any&amp;property_segments=residential&amp;query_coords=1.3039947%2C103.8298507&amp;query_limit=radius&amp;query_type=city&amp;rental_type=all&amp;rooms=any&amp;show_cluster_preview=true&amp;show_description=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;sort_field=relevance&amp;sort_order=desc&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">FULLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/o9fLN9Qs4VKyE7vUsFd6iV?text=Eileen+Leong+%28SG+Property%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=f5241357b8e525dec462c88eaae77f069874101d\" alt=\"The Lakefront Residences Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Lakefront Residences<\/div>\n                            <div class=\"card-text card-subtitle\">46 Lakeside Dr \u00b7 D22<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,001 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,900<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/the-lakefront-residences-condo-R2ABPgWwjPX39X7BX3AqNy?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">FULLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/9r3dYUBd4v6YgQmjZ6JFvn?text=Janice&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=6750a21573eeb97f4158d2421eaae789840860e9\" alt=\"Mountbatten Lodge Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Mountbatten Lodge<\/div>\n                            <div class=\"card-text card-subtitle\">735 Mountbatten Rd \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>355 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/mountbatten-lodge-condo-cdzdqRaFSiGbH3dSKfkHY5?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">PARTIALLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/fwRAqzUmxMsuZygXDa9iPj?text=Peggy+Ong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=451591f3c56f8ca3d308af8d33c4e346c560f4a6\" alt=\"Heron Bay Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Heron Bay<\/div>\n                            <div class=\"card-text card-subtitle\">63 Upp Serangoon View \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,281 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,400<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/heron-bay-condo-YgYoVwEpEn8xeJMYgeYMAD?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">FULLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/HQKozH3xnY3NZXvqLrQqF9?text=Kelly+Neo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a1f61198d7fce9fa3df1e9e7ae35593833cd6191\" alt=\"26 Newton Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">26 Newton<\/div>\n                            <div class=\"card-text card-subtitle\">26 Newton Rd \u00b7 D11<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>614 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,200<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/26-newton-condo-RWLPdWn7egXZJVvbBRrZDC?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">PARTIALLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/feQiccoteL7KNUNaYGC5UB?text=Michael+Chin&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2fd9c660776da1bd526211aa15630c679554ecfd\" alt=\"Seaside Residences Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Seaside Residences<\/div>\n                            <div class=\"card-text card-subtitle\">18 Siglap Link \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>786 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,300<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/seaside-residences-condo-Gs6rYJwpREfcN9y7XvG8Es?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">PARTIALLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/NZH7fYBHouWWLotQfddRpP?text=ELENA+AU+LI+JUN+%28ELENA%29&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=117715c96ada5822f414ecb25d00644bfc55dace\" alt=\"Teresa Ville Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Teresa Ville<\/div>\n                            <div class=\"card-text card-subtitle\">1001 Lower Delta Rd \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,959 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,100<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/teresa-ville-condo-EkBApnNspoCNdcpjgkAhC9?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">PARTIALLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ryTCEevWzyKtwPnHPxdJhF?text=Angela+Ang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a83259bbd36e4ba7b8ef099af1a36a709df5aed4\" alt=\"Residences @ Evelyn Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Residences @ Evelyn<\/div>\n                            <div class=\"card-text card-subtitle\">17 Evelyn Rd \u00b7 D11<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,250 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 12,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/residences-evelyn-condo-Jbi8e2jxU97aNDzexEt4VM?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">FULLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/8dkth6sdUCaYfh8TdYHCp3?text=Winson+Chua&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ece430a344f7b8276ef56fb0c2acf5c8b57dbf3a\" alt=\"The Trizon Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Trizon<\/div>\n                            <div class=\"card-text card-subtitle\">2 Ridgewood Cl \u00b7 D10<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,150 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 10,800<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/the-trizon-condo-9DYYzLjV2FJeNji8NkwwdA?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">DIVERSITY FRIENDLY<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/9KRavsaVWUq9qYd6RQFp4Q?text=Marlene+Chan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=79a133cc0a0253fa08c02bf4cc3cc5542cc858bf\" alt=\"Affinity At Serangoon Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Affinity At Serangoon<\/div>\n                            <div class=\"card-text card-subtitle\">26 Serangoon Nth Ave 1 \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>538 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,200<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/affinity-at-serangoon-condo-oUPkpYfMAhYL99CfMcmph2?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                            <div class=\"portal-widget-formatted-tags\">\n                    <span class=\"\"\n                  style=\"color:#1757d7;\n                          background-color:#F0F6FF;\">PARTIALLY FURNISHED<\/span>\n                <\/div>\n                        <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ueKsXMQxhLmqk4hfj95MYo?text=Shawn+Yap&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7c80a2f1cf424669167c640bd93b7eb5477fd969\" alt=\"The Hyde Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Hyde<\/div>\n                            <div class=\"card-text card-subtitle\">11 Balmoral Rd \u00b7 D10<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>818 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 6,500<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/rent\/property\/the-hyde-condo-VFpujo5gPaXmu2owrfqosq?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<p><em>The featured image is credited to Anatoliy Shostak<em> from Unsplash.<\/em><\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>What do you think about the rental market in August 2024?\u00a0Share your thoughts in the comments section below or on\u00a0<a href=\"https:\/\/www.facebook.com\/99dotco\/\" target=\"_blank\" rel=\"noreferrer noopener\">our Facebook page<\/a>.<\/strong><\/h2>\r\n","protected":false},"excerpt":{"rendered":"<p>The rental market in August 2024 reveals key differences in the performance of the Condo and HDB sectors. Transaction volume for both decreased as expected after the strong month of July, partially due to the Hungry Ghost Festival.\u00a0 While both sectors experienced volume drops, Condo rents showed early signs of recovery. On the other hand,&hellip;<\/p>\n","protected":false},"author":142,"featured_media":78604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"4511,22378,75105,8073,55408,63532","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[57131],"tags":[53604,57913,53636,53658,56059,53649],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","18":"entry","19":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rental volume drops on both Condo and HDB in August 2024<\/title>\n<meta name=\"description\" content=\"Condo and HDB rental market in August 2024 underwent a volume drop in transactions. Read more about them here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/condo-hdb-rental-market-august-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"August 2024: Rental volume drops on both Condo and HDB; 12.3% decrease amid a year-on-year decline for HDB\" \/>\n<meta property=\"og:description\" content=\"Condo and HDB rental market in August 2024 underwent a volume drop in transactions. 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