HDB Rental Prices for 3, 4 and 5-Room Flats in Singapore (2020)

hdb rental prices

There are various reasons why one may choose to rent a HDB flat in Singapore, versus buying one.

They may not qualify for a HDB BTO flat, which means they need to look for resale options or rent. Renting also provides more mobility, especially if the occupants prefer to live closer to their workplace. 

Flexibility is another boon — instead of paying a 25-year mortgage on their HDB flat and spending money on renovation, renters are free to look for another flat (typically renovated and furnished) once their existing rental contract with the landlord is up. It’s also a good option for those who may consider migrating overseas in the future.

HDB Public Rental Scheme

If you’re looking to rent a HDB flat but still find yourself short on funds, you can seek help from the HDB Public Rental Scheme.

You first need to fulfil some eligibility criteria — the general rule of thumb is that you cannot apply alone, must be a Singaporean who is at least 21 years old and must show that their gross household income is $1,500/month or less.

Depending on their household income, successful applicants then pay a subsidised rent of $26 to $275 each month.

However, most of us reading this don’t qualify for the HDB public rental scheme and will need to rent on the open market. So how much are HDB rental prices in Singapore?

 

HDB Rental Prices in Singapore (2020)

Here’s a quick look at HDB Rental Prices in Singapore so far (Q1 2020):

Ang Mo Kio

$1,700

$2,100

$2,400

Bedok

$1,700

$2,000

$2,300

Bishan

$1,900

$2,200

$2,500

Bukit Batok

$1,600

$1,900

$2,100

Bukit Merah

$1,900

$2,500

$2,720

Bukit Panjang

$1,550

$1,800

$1,900

Bukit Timah

$1,925*

$2,125*

$2,450*

Central Area

$2,200

$2,600

$3,500*

Choa Chu Kang

$1,500*

$1,800

$1,900

Clementi

$1,800

$2,350

$2,600

Geylang

$1,800

$2,300

$2,500

Hougang

$1,650

$1,950

$2,100

Jurong East

$1,700

$2,000

$2,300

Jurong West

$1,600

$2,000

$2,150

Kallang/Whampoa

$1,900

$2,400

$2,600

Marine Parade

$1,800

$2,050

$2,500*

Pasir Ris

$1,725*

$2,000

$2,100

Punggol

$1,700*

$1,900

$1,900

Queenstown

$1,900

$2,650

$2,800

Sembawang

N/A

$1,800

$1,900

Sengkang

$2,000*

$1,900

$1,950

Serangoon

$1,800

$2,200

$2,300

Tampines

$1,750

$2,100

$2,250

Toa Payoh

$1,800

$2,200

$2,500

Woodlands

$1,400

$1,750

$1,800

Yishun

$1,600

$1,800

$2,030

Sources: HDB Rental Statistics, HDB Market Rental Rates

*Numbers are not conclusive, data inferred from past rental transactions (fewer than 20 rental transactions in the quarter)

Here’s a side-by-side comparison of HDB rental prices in Q4 2019 and Q1 2020, based on that of a 4-room flat:

Ang Mo Kio

$2,100

$2,100

0

Bedok

$2,000

$2,000

0

Bishan

$2,250

$2,200

-2.22

Bukit Batok

$1,900

$1,900

0

Bukit Merah

$2,500

$2,500

0

Bukit Panjang

$1,700

$1,800

+5.88

Bukit Timah

$2,200*

$2,125*

-3.41*

Central Area

$2,550

$2,600

+1.96

Choa Chu Kang

$1,800

$1,800

0

Clementi

$2,400

$2,350

-2.08

Geylang

$2,250

$2,300

+2.22

Hougang

$1,900

$1,950

+2.63

Jurong East

$2,000

$2,000

0

Jurong West

$1,950

$2,000

+2.56

Kallang/Whampoa

$2,400

$2,400

0

Marine Parade

$2,100

$2,050

-2.38

Pasir Ris

$2,000

$2,000

0

Punggol

$1,900

$1,900

0

Queenstown

$2,600

$2,650

+1.92

Sembawang

$1,800

$1,800

0

Sengkang

$1,900

$1,900

0

Serangoon

$2,100

$2,200

+4.76

Tampines

$2,050

$2,100

+2.44

Toa Payoh

$2,300

$2,200

-4.35

Woodlands

$1,700

$1,750

+2.94

Yishun

$1,800

$1,800

0

Sources: HDB Rental Statistics, HDB Market Rental Rates

*Numbers are not conclusive, data inferred from past rental transactions (fewer than 20 rental transactions in the quarter)

HDB rental prices in both mature and non-mature estates have taken a dip since a recent peak in February 2020. 

That said, the demand for HDB rental flats in Singapore briefly saw a surge from February (1,869 leasings) to March (2,157 leasings) this year, amid the COVID-19 pandemic. Following the circuit breaker measures, however, the number of HDB flats leased fell to 1,197 in April, and further dipped in May to 1,147.

Market observers said that HDB rental prices may continue to weaken, given the current economic outlook. However, since Singapore entered the first phase of its reopening on 1 June 2020, there seems to be some recovery. 

You can read more about how COVID-19 has impacted the rental market in this article: Following COVID-19, Where Is The Singapore Rental Market Headed?

So… What does all this mean for those looking to rent? 

Well, given that prices are now low, it’s a good time to find a HDB rental property — but not so good for those looking to lease out their HDB flat. With the encouraging sign that demand is bottoming out with an increase in June in line with the easing of COVID-19 restrictions, HDB rental prices may soon make a similar recovery as well.

Looking to rent a HDB flat in Singapore? Check out the property listings on PropertyGuru here.

 

3-Room HDB flat rental prices   

Town

3-room HDB flat rental price

Ang Mo Kio

$1,700

Bedok

$1,700

Bishan

$1,900

Bukit Batok

$1,600

Bukit Merah

$1,900

Bukit Panjang

$1,550

Bukit Timah

$1,925*

Central Area

$2,200

Choa Chu Kang

$1,500*

Clementi

$1,800

Geylang

$1,800

Hougang

$1,650

Jurong East

$1,700

Jurong West

$1,600

Kallang/Whampoa

$1,900

Marine Parade

$1,800

Pasir Ris

$1,725*

Punggol

$1,700*

Queenstown

$1,900

Sembawang

N/A

Sengkang

$2,000*

Serangoon

$1,800

Tampines

$1,750

Toa Payoh

$1,800

Woodlands

$1,400

Yishun

$1,600

Sources: HDB Rental Statistics, HDB Market Rental Rates

*Numbers are not conclusive, data inferred from past rental transactions (fewer than 20 rental transactions in the quarter)

Based on the HDB 3-room rental prices in Singapore for Q1 2020, the average rent is $1,756/month.

Those looking for more affordable options can look for 3-room rental HDB flats in Woodlands ($1,400/month), Ang Mo Kio ($1,700/month), or even Jurong East ($1,700/month). These HDB towns have good transport links and a dedicated MRT station and bus interchange, as well as amenities such as shopping malls and a bustling town centre.

In particular, Woodlands is close to the Causeway for easier access to Johor Bahru for a day shopping trip or for workers who regularly make the cross-border commute (once the borders reopen again, of course). It also boasts the Woodlands Regional Library, and there are plans in motion for a Woodlands Health Campus in 2022 and the upgrading of community spaces.

Meanwhile, mature HDB estate Ang Mo Kio is relatively close to town; and Jurong East is set to be the new central business district of western Singapore.

 

4-Room HDB flat rental prices   

Town

4-room HDB flat rental price

Ang Mo Kio

$2,100

Bedok

$2,000

Bishan

$2,200

Bukit Batok

$1,900

Bukit Merah

$2,500

Bukit Panjang

$1,800

Bukit Timah

$2,125*

Central Area

$2,600

Choa Chu Kang

$1,800

Clementi

$2,350

Geylang

$2,300

Hougang

$1,950

Jurong East

$2,000

Jurong West

$2,000

Kallang/Whampoa

$2,400

Marine Parade

$2,050

Pasir Ris

$2,000

Punggol

$1,900

Queenstown

$2,650

Sembawang

$1,800

Sengkang

$1,900

Serangoon

$2,200

Tampines

$2,100

Toa Payoh

$2,200

Woodlands

$1,750

Yishun

$1,800

Sources: HDB Rental Statistics, HDB Market Rental Rates

*Numbers are not conclusive, data inferred from past rental transactions (fewer than 20 rental transactions in the quarter)

Based on the HDB 4-room rental prices in Singapore for Q1 2020, the average rent is $2,090/month.

Consider renting a flat in Hougang ($1,950/month), in the north-east of Singapore. Although categorised as a non-mature estate, this HDB town has good amenities such as wet markets, hawker centres and shopping malls (Hougang Mall, Heartland Mall, Hougang 1, Serangoon Shopping Centre) close by. Parents will also be pleased to find schools such as Xinghua Primary School, Hougang Secondary School, and Anderson Serangoon Junior College nearby.

Those seeking the east-side accommodation may want to look for a HDB 4-room rental flat in Marine Parade ($2,050) or Bedok ($2,000), which are still below the average rental price. From here, there’s good access to the eateries in Katong and shorter travel time for a weekend out at East Coast Park.

 

5-Room HDB flat rental prices   

Town

5-room HDB flat rental price

Ang Mo Kio

$2,400

Bedok

$2,300

Bishan

$2,500

Bukit Batok

$2,100

Bukit Merah

$2,720

Bukit Panjang

$1,900

Bukit Timah

$2,450*

Central Area

$3,500*

Choa Chu Kang

$1,900

Clementi

$2,600

Geylang

$2,500

Hougang

$2,100

Jurong East

$2,300

Jurong West

$2,150

Kallang/Whampoa

$2,600

Marine Parade

$2,500*

Pasir Ris

$2,100

Punggol

$1,900

Queenstown

$2,800

Sembawang

$1,900

Sengkang

$1,950

Serangoon

$2,300

Tampines

$2,250

Toa Payoh

$2,500

Woodlands

$1,800

Yishun

$2,030

Sources: HDB Rental Statistics, HDB Market Rental Rates

*Numbers are not conclusive, data inferred from past rental transactions (fewer than 20 rental transactions in the quarter)

Based on the HDB 5-room rental prices in Singapore for Q1 2020, the average rent is $2,243/month.

Snag a HDB 5-room rental property in Bukit Panjang for just $1,900/month, which is even lower than the average price for a HDB 4-room rental flat. It may be a non-mature estate, but with an LRT and the Downtown Line serving this area, and a couple of shopping malls, this up-and-coming town is perfect for those who enjoy peaceful living yet have easy access to other areas of Singapore. Alternatively, consider renting a 5-room flat in the nearby Choa Chu Kang town for the same price.

Punggol ($1,900/month) is another non-mature estate to keep tabs on. Although relatively new, the speed of development there means that more amenities will be popping up soon for residents, in addition to Waterway Point, Punggol Plaza and the new Oasis Terraces. It’s also got a wet market near Coral Edge LRT, a slew of green spaces with cycling paths, and is close to unique attractions such as Coney Island, a ranch, and its own breezy beach.

For more property news, content and resources, check out PropertyGuru’s guides section

Looking for a new rental home? Head to PropertyGuru to browse the top properties for rent in Singapore

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This article was written by Mary Wu, who hopes to share what she's learnt from her home-buying and renovation journey with PropertyGuru readers. When she's not writing, she's usually baking up a storm or checking out a new cafe in town.

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