Estimates published by property websites 99.co and SRX show that private flat rents rose by 1.4 per cent month-on-month in January, the 25th consecutive month of increases, but at a slower pace, and by 33.2 per cent year-on-year.

Flat rents rose in all regions, with month-on-month increases ranging from 0.8 per cent to 1.8 per cent.

An estimated 6,285 flats were let last month, down 0.9 per cent month-on-month and 15.3 per cent year-on-year.

In the HDB market, overall rents rose slightly by 0.6% month-on-month and climbed by 27.5% year-on-year last month. Rents for all types of HDB flats increased month-on-month, ranging from 0.1% to 2.9%.

An estimated 2,819 HDB flats were let last month, 12.2% more than the previous month and 16.1% less year-on-year.