Flash Report

HDB & Non-Landed Private

A. Non-Landed Private Residential Rental Market

1. April 2020 rents decrease 0.9% from March2020. CCR, RCR and OCR rents decrease by0.1%, 1.6% and 1.0%, respectively.

• Year-on-year, rents increase 1.8% fromApril 2019.

• Rents are down 15.7% from the peak inJanuary 2013.

• Rents in all regions increase year-on-year:CCR by 2.4%, RCR by 1.7% and OCR by1.4%.

2. Volumes decrease 36.5% month-on-month. Anestimated 3,068 units are rented in April 2020 ascompared to 4,829 units in March 2020.

• Year-on-year, rental volumes are 40.6%lower.

• Volumes are 32.3% lower than the 5-yearaverage volume for the month of April.

• Breaking down by regions, in April 2020,41.5% of the total volumes are from OCR,30.3% from RCR and 28.2% from CCR.

Observations

B. HDB Rental Market

1. April 2020 HDB rents decrease 0.2% fromMarch 2020. Mature Estates rents decrease 0.9%while Non-Mature Estates rents increase 0.7%.According to room types, 3 Room and ExecutiveRoom rents fall by 0.3% and 1.6% respectively,while 4 Room rents increases by 0.1% and 5 Roomrents remain stable.

• Year-on-year, rents increase by 1.3%.

• Rents are down 14.1% from the peak inAugust 2013.

• Except for Executive Room rents whichdecreases by 0.7%, all room typesexperience rent increases year-on-year: 3Room by 1.5%, 4 Room by 1.0% and 5Room by 1.3%.

• Mature Estates and Non-Mature Estatesrents increase year-on-year by 0.3% and2.3% respectively.

2. Volumes decrease 36.7% month-on-month. Anestimated 1,260 HDB flats are rented in April2020 versus 1,990 units in March 2020.

• Year-on-year, rental volumes decrease41.3% from April 2019.

• Volumes are also 39.3% lower than the 5-year average volume for the month ofApril.

• Breaking down by room types, in April2020, 36.1% of the total volumes are from 4Room, 30.8% from 3 Room, 26.5% from 5Room and 6.6% from Executive Room.

April 2020 NLP and HDB Rents Decrease 0.9% and 0.2% on Lower Volumes During Circuit-Breaker

Non-Landed Private Rental market

Rental Volume

Non-Landed Private Residential Rental Volume

Rental PriceIndex Base: 2009 Jan

2020 April Private Rental Index 113.3

2020 March Private Rental Index 114.4

Change (Month-on-Month) -0.9%

Source: SRX / URA

3,068 [E]

SPI for NL Private Rentals

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.

SPI by Region

Source: SRX / URA

(Fla

sh

)

HDB Rental Market

Rental Volume

Rental Price

2020 April HDB Rental Index 118.8

2020 March HDB Rental Index 119.0

Change (Month-on-Month) -0.2%

Source: SRX

HDB Rental Volume

1,260 [E]

Note: Grey fields contain figures derived from fewer than 10 transactions. Purple fields contain figures derived from only 1 transaction.

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.

Median Rent ($)

SPI by Flat Type

Source: SRX

Index Base: Jan 2009

^ Non-Mature estates (as defined by HDB): Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East, Jurong West, Punggol, Sembawang, Sengkang, Woodlands and Yishun.

Note: Latest month figures are flash estimates. Percentage changes are calculated based on actual index number with more decimal places shown in the report.

Mature and Non-Mature Estates

Source: SRX

SRX publishes monthly price indices and statistics for non-landed private resale, HDB resale and non-

landed private and HDB rentals. The Company has been serving Singapore’s real estate industry since

2009, when it first launched the “Home Report” to help property agents and homeowners establish the

price to buy, sell or rent a home. In 2014 SRX introduced X-Value, allowing anyone to get a highly accurate

estimate of the value of their home instantly online. 1.8 million home reports and 7.0 million X-Value

computations later, SRX is Singapore’s most trusted source of home pricing information.

SRX is all about making the home seeking and home ownership journey a pleasure by connecting home-

seekers to their ideal property and helping homeowners manage their most important asset. SRX provides

easy-to-use tools, extensive quality property listings, data and insights to real estate professionals and

home-seekers. The SRX Property App is available in the App Store and Google Play Store.

SRX is operated by StreetSine Technology Group Pte Ltd, a subsidiary of Singapore Press Holdings, Asia’s

leading media organisation.

For media queries regarding SRX, please contact Esperanza G. Canlas on +65 8157 6290

or media@srx.com.sg.

For technical questions regarding SRX data, please contact Luqman Hakim at luqman.hakim@srx.com.sg,

or visit www.srx.com.sg. We can verify the accuracy, analysis, and presentation of specific SRX data prior

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About SRX

ALL RIGHTS RESERVED SRX 2020 ©

Q: What is the SRX Residential Property FlashReport ?

A: The SRX Residential Property Flash Report is amonthly report that tracks and disseminates resaleand rental property prices for HDB and Non-Landed Private properties through the SRX PriceIndex (SPI). Due to the overwhelming amount ofinformation that needs to be covered for publicconsumption, the report is released in 3 separatephases covering different aspects of the propertymarket:

1. HDB Resale2. Non-Landed Private Resale3. HDB and Non-Landed Private Rental

Q: What are the advantages of this report overother property data and reports?

A:• Our monthly reporting provides a more real-

time update on the property market.• We supplement property transactions from

URA and HDB with real-time, pre-caveattransactions from 14 major real estate agencies,ensuring completeness and timeliness of thenumbers (Figure 1).

Figure 1. SRX typically receives pre-caveat transactions fromagencies at least 2 weeks ahead before it becomes publicly-available.

About SRX Flash Report

• We augment each transaction with geospatialand project-level attributes from public andproprietary data sources to account for eachhome’s hedonic factors (e.g. distance to MRTand good schools).

• We provide more granular data, such as‘Median Resale Price broken down by HDBEstates’ , ‘Median TOX in HDB Estates andPrivate Housing Districts’, ‘Sub-indices of HDBMature and Non-Mature Estates‘ and ‘MonthlyRental and Resale Volume’.

Q: What is X-Value?

A: The X-Value is a computer-generated propertyappraisal based on comparable market analysis(CMA). It uses real-time big data from trustedprivate and public sources, comparable marketanalysis, machine learning, and SRX propertyindices to calculate a home’s estimated marketvalue in seconds.

Q: What is Transaction-Over-X-Value (TOX)?

A: TOX measures how much a buyer is overpayingor underpaying the SRX Property X-Value’sestimated market value. It is analogous to thepreviously-used property market’s term of Cash-Over-Valuation (COV). The difference is the “V” iscomputer-generated. In the report for HDB Resaleand Non-Landed Private Resale, the SPI and themedian TOX are used complementarily to gaugeoverall property market sentiments.