Rental rates for HDB flats in Singapore continued their upward march in Q3 2022, with some estates seeing increases as high as 50 per cent from just 2.5 years ago. While landlords are undoubtedly pleased with the trend, home seekers are decidedly less so. With rents shooting up across the board, can renters continue to find affordably priced HDB flats?...
Jurong East, Punggol, Toa Payoh On the opposite end of the scale, we see far-flung estates having the lowest median rental rates.
Those who can get by with a 3-room flat can find more centrally-located options — Geylang, Hougang and Ang Mo Kio — albeit at rents $200 or $300 higher. There are merits to both sides of the argument, and it ultimately boils down to what your individual needs, financial status and plans are. This is because with the various government grants available, your monthly mortgage is likely to be lower than the rental on an entire flat. As such, the longer you spend renting, the less advantageous your financial position becomes.
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HDB resale prices rise 2.3% in Q4, slowest increase in 2022Prices in the Housing Board resale market rose for the 11th consecutive quarter, even as price growth slowed and the number of transactions declined on the back of
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