The figures, released jointly by property websites 99.co and SRX, show that overall private flat rents rose by 2 per cent month-on-month in November, up for the 23rd consecutive month and climbing 34 per cent year-on-year.

Rents for flats outside the Central District rose the most, by 3.4 per cent.

Rents in the core Central District and other Central Districts rose by 0.8% and 1.5% respectively.

In terms of transaction volume, an estimated 4,160 flats were rented out last month, a decrease of 4.5% month-on-month.

Overall HDB rents rose by 1.6% month-on-month and by 27.8% year-on-year.

HDB rents in mature HDB areas and non-mature HDB areas rose by 1.9% and 1.3% respectively.

By type of HDB flat, three-bedroom and five-bedroom HDB flats saw the largest rental increases of 3.2% and 2.1% respectively.

More than 1,691 HDB flats were estimated to have been let last month, a decrease of 15.2% month-on-month.