Saturday, December 24, 2011

HDB for rent in Ang Mo Kio Singapore, price trends


What is the HDB rent per month in Ang Mo Kio? What are the trends, are they going up or down? If you want answers to such questions, you are at the right place. Ang Mo Kio, a popular town in North-East Singapore, which is served by Ang Mo Kio MRT Station at town center and  Yio Chu Kang MRT Station at the town's northern area as well as the  Ang Mo Kio Bus Interchange is directly linked to the Ang Mo Kio MRT Station. The town has a large shopping mall named AMK Hub at the center and many typical Singapore town features such as  hawker centres, wet markets and HDB housing blocks.

As central area and its immediate surrounding became very expensive this relatively sub urban town connected to center with MRT and fast bus services has became popular to rent an HDB flat.

As other towns in Singapore, the HDB rental prices are registering steep increases here. Below table shows latest median HDB rental transactions in Ang Mo Kio based on room type. As of 3rd Quarter of 2011, median rental price for 3 room HDB flats (2+1 HDB with 2 bedrooms and 1 living room, kitchen and bathroom) was 1,850 Singapore Dollars per month, 4 room HDB flats (3+1 HDB with 3 bedrooms and 1 living room, kitchen and bathroom) was 2,300 Singapore Dollars per month and 5 room HDB flats (4+1 HDB with 2 bedrooms and 1 living room, kitchen and bathroom) was 2,530 Singapore Dollars per month.

Median price means half of all the transactions for that particular HDB flat in Ang Mo Kio was below the price and half were above the price. The table also shows change from previous quarter and previous year in Singapore dollars. Renting a 3, 4 or 5 room flat now costs $320, $300 or $230 more per month compared to a year earlier.





Ang Mo Kio HDB For Rent Price Trends
Room Q3 2011 Q2 2011 Q3 2010 Q-o-Q Change Y-o-Y Change
3-RM $1,850 $1,730 $1,530 $120 $320
4-RM $2,300 $2,200 $2,000 $100 $300
5-RM $2,530 $2,500 $2,300 $30 $230

Below figure shows HDB rent trends for Ang Mo Kio town from 2007 to 2011. 

Ang Mo Kio HDB For Rent Price Trends as of 2011 Q3

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