HDB rental volume jumps in September as Malaysian workers return to Singapore

Singapore

THE phased reopening of Singapore's border with Malaysia boosted the property rental market last month, after rental volumes in August hit their lowest point in 12 months.

Rents and leasings for both HDB and condominiums rose in September, according to flash data from real estate portal SRX Property released on Tuesday.

HDB rental volumes surged 49.7 per cent month on month to an estimated 1,611 units in September, from 1,076 units the month before.

Overall HDB rents, meanwhile, edged up 0.4 per cent from August, and by the same rate year on year. They are still down 14.2 per cent from their peak in August 2013.

Rental volumes for condominiums also jumped, by 49.1 per cent month on month. An estimated…