Debated in Parliament on 3 Oct 2022.
Ms He Ting Ru asked the Minister for National Development for each quarter in the last five years, what is the quarter-on-quarter change in (i) the HDB rental price index and (ii) average rentals by flat type for the letting of HDB flats in the open market.
HDB does not publish a rental price index. It 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.
The median rentals by flat type for the letting of HDB flats in the open market are given in Table 1. Overall, there has been an increase in the median rental for all flat types from 3Q2017 to 2Q2022 of $100 to $500.
PAPERCUTS