Written answer by Ministry of National Development on change in average rents by town and flat type in third quarter of 2022 compared to same period in 2019, 2020 and 2021
Nov 28, 2022
Mr Chua Kheng Wee Louis: To ask the Minister for National Development based on the latest data from HDB for approved rental flat applications, how have the average rents by (i) town and (ii) flat type changed in the third quarter of 2022 compared to the equivalent period in 2019, 2020 and 2021 respectively.
Answer:
HDB publishes median rental figures on the HDB InfoWEB. Median rentals are a better indication of open market rental price trends, as average rentals could be affected by outliers.
2 The median rentals by town and flat type in the third quarter of 2019 to 2022 are given in Table 1. From 3Q2019 to 3Q2022, there has been an increase in the median rentals for all flat types across towns, ranging from $300 to $1,150.
Table 1: Median Rents by Town & Flat Type
Towns
|
1-ROOM
|
2-ROOM
|
3-ROOM
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
Ang Mo Kio
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,700
|
$1,750
|
$1,850
|
$2,290
|
Bedok
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,700
|
$1,800
|
$1,800
|
$2,200
|
Bishan
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
$1,800
|
$1,850
|
$1,900
|
$2,400
|
Bukit Batok
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,600
|
$1,650
|
$1,750
|
$2,000
|
Bukit Merah
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
$1,930
|
$1,950
|
$2,000
|
$2,000
|
$2,400
|
Bukit Panjang
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,500
|
$1,530
|
$1,680
|
$2,000
|
Bukit Timah
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
Central
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$2,200
|
$2,150
|
$2,230
|
$2,600
|
Choa Chu Kang
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,480
|
*
|
$1,700
|
*
|
Clementi
|
-
|
-
|
-
|
-
|
*
|
-
|
*
|
*
|
$1,850
|
$1,900
|
$2,000
|
$2,350
|
Geylang
|
-
|
-
|
-
|
-
|
*
|
*
|
$1,300
|
*
|
$1,800
|
$1,800
|
$1,810
|
$2,200
|
Hougang
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,600
|
$1,700
|
$1,700
|
$2,200
|
Jurong East
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,700
|
$1,750
|
$1,850
|
$2,200
|
Jurong West
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,600
|
$1,600
|
$1,800
|
$2,150
|
Kallang/ Whampoa
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,900
|
$1,900
|
$2,000
|
$2,300
|
Marine Parade
|
-
|
-
|
-
|
-
|
-
|
*
|
-
|
*
|
$1,800
|
$1,800
|
$1,900
|
$2,300
|
Pasir Ris
|
-
|
*
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
Punggol
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,700
|
$1,700
|
$1,950
|
$2,750
|
Queenstown
|
-
|
-
|
-
|
-
|
$1,500
|
*
|
*
|
*
|
$1,900
|
$1,900
|
$2,000
|
$2,500
|
Sembawang
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
*
|
*
|
-
|
*
|
Sengkang
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,650
|
$1,700
|
*
|
*
|
Serangoon
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
$1,800
|
$1,850
|
$1,880
|
$2,300
|
Tampines
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,750
|
$1,800
|
$1,850
|
$2,300
|
Toa Payoh
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,800
|
$1,840
|
$1,900
|
$2,200
|
Woodlands
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,400
|
$1,550
|
$1,650
|
$2,000
|
Yishun
|
-
|
-
|
-
|
-
|
*
|
*
|
*
|
*
|
$1,600
|
$1,650
|
$1,700
|
$2,100
|
Towns
|
4-ROOM
|
5-ROOM
|
EXECUTIVE
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
3Q19
|
3Q20
|
3Q21
|
3Q22
|
Ang Mo Kio
|
$2,100
|
$2,140
|
$2,200
|
$2,600
|
$2,400
|
$2,400
|
$2,400
|
$3,000
|
*
|
*
|
*
|
*
|
Bedok
|
$2,000
|
$2,030
|
$2,200
|
$2,500
|
$2,250
|
$2,200
|
$2,400
|
$2,980
|
$2,400
|
*
|
$2,700
|
*
|
Bishan
|
$2,300
|
$2,250
|
$2,400
|
$2,730
|
$2,500
|
$2,500
|
$2,600
|
$3,300
|
*
|
*
|
*
|
*
|
Bukit Batok
|
$1,900
|
$2,050
|
$2,100
|
$2,500
|
$2,050
|
$2,150
|
$2,300
|
$2,800
|
$2,300
|
*
|
$2,500
|
*
|
Bukit Merah
|
$2,500
|
$2,550
|
$2,600
|
$3,000
|
$2,800
|
$2,800
|
$2,900
|
$3,450
|
-
|
-
|
-
|
-
|
Bukit Panjang
|
$1,700
|
$1,750
|
$2,000
|
$2,550
|
$1,800
|
$1,900
|
$2,100
|
$2,600
|
$2,080
|
$2,200
|
$2,200
|
*
|
Bukit Timah
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
*
|
-
|
Central
|
$2,800
|
$2,600
|
$2,800
|
$3,500
|
*
|
*
|
*
|
*
|
-
|
-
|
*
|
-
|
Choa Chu Kang
|
$1,750
|
$1,800
|
$2,000
|
$2,600
|
$1,900
|
$1,880
|
$2,000
|
$2,500
|
$2,030
|
$2,200
|
$2,200
|
$3,000
|
Clementi
|
$2,400
|
$2,400
|
$2,500
|
$3,100
|
$2,600
|
$2,600
|
$2,700
|
$3,500
|
*
|
*
|
*
|
*
|
Geylang
|
$2,250
|
$2,300
|
$2,400
|
$2,600
|
$2,500
|
$2,500
|
$2,860
|
$3,200
|
*
|
*
|
*
|
*
|
Hougang
|
$1,900
|
$2,000
|
$2,030
|
$2,600
|
$2,100
|
$2,100
|
$2,200
|
$2,500
|
$2,300
|
*
|
$2,330
|
$2,700
|
Jurong East
|
$2,000
|
$2,100
|
$2,200
|
$2,800
|
$2,200
|
$2,300
|
$2,400
|
$2,900
|
$2,500
|
*
|
$2,500
|
*
|
Jurong West
|
$2,000
|
$2,000
|
$2,150
|
$2,600
|
$2,100
|
$2,200
|
$2,350
|
$2,800
|
$2,300
|
$2,400
|
$2,450
|
$2,600
|
Kallang/ Whampoa
|
$2,450
|
$2,400
|
$2,500
|
$2,900
|
$2,630
|
$2,500
|
$2,600
|
$3,200
|
*
|
-
|
*
|
*
|
Marine Parade
|
$2,100
|
$2,150
|
$2,200
|
$2,650
|
$2,500
|
*
|
*
|
*
|
-
|
-
|
-
|
-
|
Pasir Ris
|
$1,950
|
$2,000
|
$2,050
|
$2,500
|
$2,080
|
$2,150
|
$2,300
|
$2,700
|
$2,300
|
$2,300
|
$2,300
|
$3,000
|
Punggol
|
$1,900
|
$1,900
|
$2,000
|
$2,800
|
$1,900
|
$2,000
|
$2,000
|
$2,800
|
*
|
*
|
*
|
*
|
Queenstown
|
$2,520
|
$2,600
|
$2,750
|
$3,450
|
$2,800
|
$2,850
|
$3,000
|
$3,600
|
-
|
*
|
-
|
-
|
Sembawang
|
$1,800
|
$1,800
|
$1,900
|
$2,450
|
$1,900
|
$1,940
|
$2,050
|
$2,400
|
$2,000
|
$2,100
|
$2,200
|
$3,150
|
Sengkang
|
$1,880
|
$1,950
|
$2,100
|
$2,700
|
$1,900
|
$2,000
|
$2,100
|
$2,800
|
$2,000
|
$2,000
|
$2,200
|
$2,800
|
Serangoon
|
$2,190
|
$2,300
|
$2,300
|
$2,750
|
$2,200
|
$2,430
|
$2,500
|
$2,850
|
*
|
*
|
*
|
*
|
Tampines
|
$2,000
|
$2,000
|
$2,200
|
$2,500
|
$2,200
|
$2,200
|
$2,300
|
$2,900
|
$2,400
|
$2,400
|
$2,450
|
$2,930
|
Toa Payoh
|
$2,300
|
$2,300
|
$2,300
|
$2,800
|
$2,600
|
$2,500
|
$2,600
|
$3,200
|
*
|
*
|
*
|
*
|
Woodlands
|
$1,700
|
$1,800
|
$1,900
|
$2,500
|
$1,800
|
$1,950
|
$2,000
|
$2,600
|
$2,100
|
$2,200
|
$2,300
|
$2,800
|
Yishun
|
$1,800
|
$1,800
|
$2,000
|
$2,500
|
$2,000
|
$2,000
|
$2,150
|
$2,500
|
$2,000
|
*
|
$2,300
|
*
|
Note: “ * ” refers to cases where there are no or less than 20 transactions to rent out flat in the quarter for the particular town and flat type. The median rents of these cases are not shown as they may not be representative.
Issued by: Ministry of National Development
Date : 28 Nov 2022