Rental

Referencing our post dated 25 Sep 2024: 61 Year Old 3-Room Flat Rented Out for $8,000 in Aug 2024 – A New Record it turned out that the anomaly was due to a data error. This is HDB's reply to a Business Times query: HDB said: "Upon further checks, the owner clarified that a typographical mistake was made in the application form, listing a rental rate of $8,000 per month for the entire flat, instead...

Note: HDB has responded and clarified that this rental submission is erroneous: $8,000 “Record” Rental in HDB Turns Out to be Typo Error Please read the below article in this context. At a rental rate of $8,000 per month, this is a new record not only for a 3-Room flat, but for a HDB flat of any size! This rental transaction took place in BUKIT MERAH in Aug 2024. The new record was...

Overall rental prices for HDB units have stabilised over the past 5 months, with median rentals settling at about $3,100 per month. However, at the top end of the market for prime location units, rentals are still touching new highs. Following the record rental transaction that took place in GEYLANG/Mountbatten along PINE CLOSE in Sep 2023, a new record has been set in the month of Nov 2023. This time...

While the overall rentals for HDB flats are cooling, outliers are still making their mark on the market. Following the record rental transaction that took place in CHOA CHU KANG in May 2023, a new record has been set in the month of Sep 2023. This time the new record transacted in GEYLANG at a unit just beside the Mountbatten MRT Station along the Circle Line.  At a monthly rent of $7,400, this...

Somebody said the rental market is cooling down? Not in the HDB heartlands at least. Following the record rental transaction that took place in ANG MO KIO in Feb 2023, a new record has been set in the month of May 2023. This time the new record took place in surprising CHOA CHU KANG! At $6,600, this transaction in BLOCK 641 CHOA CHU KANG ST 64 for an EXECUTIVE flat is the priciest HDB rental by far....

Update: New HDB Rental Record Reached in May 2023 – Choa Chu Kang While it is not surprising that a new record for HDB rental has been reached in the month of Feb 2023, what is surprising this time is that the record transaction took place in the HDB heartland of ANG MO KIO, as opposed to previous cases in BUKIT MERAH (Tiong Bahru), CENTRAL, KALLANG WHAMPOA and TOA PAYOH, which are all either in town...

Yet another new record has been set for the rental for a HDB flat in Nov 2022 at $6,200. This is for a 3-ROOM flat at 35 LIM LIAK ST in BUKIT MERAH town. To be precise, this is in the historic Tiong Bahru area. Another rental transaction hitting the $6,000 mark was closed in 1G Cantonment Road in CENTRAL (Pinnacle@Duxton). This is for a 5-ROOM flat. Our analytics reports listed below...

A new record for the rental of a HDB flat has been set in Sep 2022 as detailed in this blog post: Toa Payoh HDB Flat Rented for $6000 in Sep 2022 It would appear that some desperate tenants out there who are willing to pay a similar rate have followed suit in Oct 2022. There are three of them to be precise, all transacting at the same rate of $6,000 per month as recorded in HDB's rental...

An Executive type HDB flat in Block 99B, LOR 2 TOA PAYOH was rented out for $6,000 a month, according to HDB records just released for Sep 2022. This compares with a median rental for Executive flats of only $3,800 per month for Toa Payoh in the month of Sep 2022. This is the highest rental recorded for a HDB flat since records were published in May 2021 and probably the highest ever on record since the...