SINGAPORE - Rents for both non-landed private homes and Housing Board flats rose in December last year from the year before, even as the number of rented condominium and private apartment units, and HDB homes, were higher for the whole of 2019.
Over in the public housing market, HDB rents in December last year increased 1.3 per cent from a year ago. December's rents also inched up by 0.1 per cent from November.SRX data showed that while three-room flat rents fell 0.3 per cent in December compared with the year before, rents in other flat types rose: four-room flat rents rose by 2.1 per cent, rents for five-room units rose 1.3 per cent, and that for executive condominium flats rose 1.4 per cent.
Four-room flats were again most popular last month, making up 35.9 per cent of total rental volume, followed by three-room flats with 32.7 per cent. Five-room flats accounted for 25.2 per cent of units leased, and executive condominium flats 6.2 per cent.
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