According to the latest data released by the real estate website 99.co and Singapore Real Estate Joint Trading Network (SRX) on Friday (July 18), my country's non-land private home rental index fell by 0.2% month-on-month. Among them, rents for the core central district (CCR) and other central districts (RCR) fell by 0.6% month-on-month; rents for the core district (OCR) only increased slightly by 0.2%.

In terms of the HDB rental market, overall rent increased slightly by 0.3% month-on-month. Among them, the non-mature HDB flats increased by 0.8% month-on-month; rents in mature HDB flats fell by 0.2%. In terms of apartment types, rents for three-bedroom, four-bedroom and apartment-style HDB flats increased by 0.1%, 0.3% and 1.5% respectively; five-bedroom HDB flats fell by 0.1%.

In terms of rental transaction volume, a total of 2,706 HDB units were rented out in June, an increase of 4.5% month-on-month and 2% year-on-year, but it fell by 6.1% from the average of the same period in the past five years. In terms of apartment types, 33.7% of rental HDB units are three-bedroom; 36.5% are four-bedroom; 24.1% are five-bedroom; and 5.7% are apartment-style HDB units.

The transaction volume of the rental market in June was exactly the opposite, with a total of 6,674 private housing units being rented, an increase of 18.8% month-on-month and 10.7% year-on-year, and an increase of 8.1% from the average of the same period in the past five years. In terms of zoning, 37.5% of rental units are located outside the central district; 32.6% are located in other central districts; and 29.9% are located in the core central district.

Year-year, the overall rent of HDB flats increased by 2.8%, while rents in mature HDB flats and non-mature HDB flats increased by 2.9% and 2.7% year-on-year respectively. The rental of three-bedroom HDB flats increased by 3.3%, making it the largest rental increase.

Driven by seasonal factors such as school holidays and mid-year lease expiration renewal, the transaction volume of private home rental market in Singapore increased in June; but rents continued to fall in the previous month.

Despite the second consecutive month of decline, the overall local private home rental level still rose by 2.5% compared with the same period in 2024. In terms of zoning, rents outside the core central district, other central districts and central districts increased by 2.4%, 2.8% and 1.8% year-on-year respectively.