Excluding small condominiums, private home resale prices in the Central Region fell 0.8% month-on-month in May, while resale prices for non-Central Region and small condominiums rose 0.4% and 0.9% respectively, according to data released by the National University of Singapore.

In addition, the final value of the overall property price index for April was the same as the forecast, rising 0.2% month-over-month.

Meanwhile, unofficial estimates showed that local private residential rents fell slightly last month, while rents of government HDB flats rose. Rental units for private homes and HDB flats decreased.

Estimates published by property websites 99.co and SRX showed that private apartment rents fell 0.6% month-on-month in May, while rising 26.8% year-on-year. Apartment rents fell 1.7 percent in the core Central District and 0.4 percent in other Central Districts; outside the Central District, they edged up 0.2 percent.

An estimated 5,164 apartment units were rented last month, down 8.2% month-over-month and nearly 1.8% year-over-year.

In the HDB market, overall rents rose by about 1.1% month-over-month and climbed by 25.1% year-over-year. All types of HDB rents increased, ranging from 0.3% to 1.6%.

An estimated 2,857 HDB units were rented last month, down 10.2% from the previous month and up 9.8% year-over-year.