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