The HDB rentals in Bedok and Cantonment have been on the rise over the past few years. In 2016, the average monthly rent for a two-bedroom HDB flat in Bedok was around $3,500.
In 2019, this rose to an average of $4,400. In 2021, it is estimated that the average rent for a two-bedroom HDB flat in Bedok is around $6,500.
2023 – $6.5K for 5 room flat
A Google search for a 5 room flat in locations such as Tampines, Bedok and Cantonment road shows prices that consistently hit $6,500.
The rise in HDB rentals in Bedok and Cantonment is due to a few factors. Firstly, the area is located in a prime location, with many amenities nearby, including public transportation and shopping malls. This has made the area attractive to tenants and landlords alike, which has pushed up the prices.
Secondly, the area has seen a surge in the number of expats moving to the area, who are looking for housing that is within their budget. This has further pushed up the rental prices as the demand for rental properties has increased.
Thirdly, the area has seen a lot of development and redevelopment in recent years, which has made the area more attractive to tenants. This has also pushed up the rental prices.
Overall, the HDB rentals in Bedok and Cantonment have seen a significant increase over the past few years, with the average rent for a two-bedroom HDB flat now reaching around $6,500 a month.
This is a significant increase from the average rent of $3,500 back in 2016.
The high rental prices in the area are due to a combination of factors, including the area’s prime location, the rise in the number of expats moving to the area, and the recent development and redevelopment in the area. As such, tenants looking to move into Bedok and Cantonment should be prepared to pay the high rental prices if they want to live in the area.