[ad_1]
Staff Reporter
,
Singapore
Yew Hui Tan via Pexels
By room type, 3 Room recorded the highest rent increase.
HDB rents rose by 0.7% MoM and 26.8% YoY in March, data from 99.co and SRX.
Rents climbed in both the mature and non-mature estates, rising by 0.2% MoM and 1.2% MoM, respectively.
Three of the four room types also recorded MoM rent increases in March, led by 3 Room (+2.1%), 5 Room (+0.8%), and Executive (+0.3%). Rents for the 4 Room declined by 0.4% MoM.
Volumes, on the other hand, increased in March, climbing 14.8% MoM to 3,007 HDB flats.
The volume was 1.1% higher than the March 2022 record, and 0.1% higher than the five-year average volume for March.
Of the total volume, 33.8% was from 3 Room, 37.0% from 4 Room, 23.7% from 5 Room and 5.5% from Executive.
Join Singapore Business Review community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
[ad_2]
Source link