Rental Index

index

Chart

Property Type

property_type

Locality

locality

Quarter

quarter

Index

Rent refers to gross rent per month inclusive of service charge. An overall rental index for office and retail space as well as sub-indices by locality are given in this publication.  The grouping of the areas are determined by the concentration of the particular type of property and the closeness in rental per sqm. As most of the office and retail space are concentrated in the Central Region, sub-indices for the outlying regions are not compiled.  Within the Central Region, the locality classification used which follow largely the planning areas are Central Area and Fringe Area.

CCR : Core Central Region comprises Postal Districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf

RCR : Rest of Central Region comprises the area within Central Region that is outside postal districts 9, 10, 11, Downtown Core Planning Area and Sentosa. A map of Central Region showing the Core Central Region (CCR) and the Rest of Central Region (RCR) is available at: https://spring.ura.gov.sg/lad/ore/login/map_ccr.pdf

Outside Central Region (OCR) refers to the planning areas which are outside the Central Region.

Private Property Rental Index by Type, Quarterly

COMMERCIAL RENTAL INDEX (BASE QUARTER 1998-Q4 = 100), QUARTERLY

Private Residential Property Rental Index , (Base Quarter 2009-Q1 = 100), Quarterly

The residential rental index covers only private residential properties.  It does not cover HDB flats. 

The rental index is computed from information obtained in returns filed with the Inland Revenue Authority of Singapore (IRAS).  When a property is let out, the property owner has to inform IRAS the details of the tenancy agreement. Besides an overall rental index for private residential properties, sub-indices for landed and non-landed properties are also compiled. From the 2015-Q1, a “stratified hedonic regression methodology” is used to compute the rental indices. Under this method, variations in the attributes of rental private properties transacted such as age and unit size are controlled for by using hedonic regression and rental movements are aggregated using 5-quarter fixed weights to derive the aggregate rental change.

Quarter Quarter Quarter (Q)	Property Type Property Type Text	Locality Locality Text	Index Index Numeric
(Null) 0.0% 2004-Q1 1.3% 2004-Q2 1.3% 2004-Q3 1.3% 2004-Q4 1.3% 77 more values	(Null) 0.0% Non-Landed 68.2% Landed 17.1% All Residential 14.7%	(Null) 0.0% Whole Island 48.8% Core Central Region 17.1% Outside Central Region 17.1% Rest of Central Region 17.1%	(Null) 0.0%
2004-Q1	All Residential	Whole Island	64
2004-Q1	Landed	Whole Island	66.4
2004-Q1	Non-Landed	Whole Island	63.4
2004-Q1	Non-Landed	Core Central Region	63.3
2004-Q1	Non-Landed	Rest of Central Region	65.6
2004-Q1	Non-Landed	Outside Central Region	63.1
2004-Q2	All Residential	Whole Island	64
2004-Q2	Landed	Whole Island	66.1
2004-Q2	Non-Landed	Whole Island	63.5
2004-Q2	Non-Landed	Core Central Region	63.5

Title	Column name	Data type	Unit of measure	Description
Quarter	quarter	Quarter (Q)	-	-
Property Type	property_type	Text	-	-
Locality	locality	Text	-	-
Index	index	Numeric	-	-