I was doing some personal financial planning, and part of the planning required me to sense how well a flat in Sengkang rents for.
So I decided to crunch some data and since I did it, I might as well show you here.
The table below shows the average rent declared to HDB from 3rd quarter 2007 to 4th quarter 2022:
This means we have about 15 years of historical Sengkang rental data. During this period, we went through a lot.
I won’t make much comment. Just take a look at the rental data.
In the table above, I have listed out the rent from the highest (max) to median (50th percentile) to the lowest (min).
In the chart below, I plotted the rent over time, with the top chart for 4-room HDB, middle chart is the 5-room HDB and the last chart is the year-on-year change in CPI:
Not sure what your thoughts are....