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Housing demand hit by cooler jobs market

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pstrongHDB and condo rental volumes dipped 19.1% MoM and 21.0% MoM, respectively, in February./strong/p pWeak hiring sentiments have led to a decrease in demand for homes./p pIn February, rental volumes of both HDB flats and private condominiums fell double digits by 19.1% MoM and 21.0% MoM, respectively.

HDB and condo rental volumes dipped 19.1% MoM and 21.0% MoM, respectively, in February.In February, rental volumes of both HDB flats and private condominiums fell double digits by 19.1% MoM and 21.0% MoM, respectively.

Huttons noted that rental volumes for HDB flats in February 2024 dropped to their lowest level in a year to 2,448. OrangeTee echoed this: “With the recent relaxation of the occupancy cap for larger HDB flats, which now allows up to eight unrelated persons to live in a single unit, we expect demand for big flats to remain robust.”

 

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