Psst, HDB just released the median rental prices of HDB flats in 2019, and you know what we love to do with numbers: Make tables out of them :p
These prices give you a good gauge of how much you could be renting out your home for this 2020 (hello, passive income!):
According to the HDB reports, rents rose 1.3% as compared to the year before.
And these higher rents were also accompanied by a high volume of renters – 23,958 HDB flats were leased in 2019 (not including individual room rentals, which make up a big part of the rental market, fyi!), 1.9% higher than 2018.
Ready to rent out?
Check out how other homeowners are doing this rent-out-my-HDB-flat thing here; or if you’re a prospective tenant, happy room-browsing!