Singapore market rental trends report

Singapore market rental trends report
Singapore market rental trends report
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Over the past three to six months, Singapore's private residential rental market has experienced a decline, with rents decreasing by 1.9% in Q1 2024, following a 2.1% drop in the previous quarter. This downward trend is largely due to an increased supply of completed private homes, leading to higher vacancy rates, particularly a 10% vacancy in the Core Central Region. As of Q1 2025, the median monthly rent for a three-bedroom condominium unit in District 2 (Chinatown and Tanjong Pagar) was approximately $6,800.

chart-Apr-17-2025-07-23-37-2844-PM

Condominium listings

Below are some recent listing examples.

1 Bedroom

  • Size: 1 bedroom/2 baths
  • Rent: $1,199 /mo, Fully furnished
1-Apr-17-2025-07-29-48-4404-PM

2 Bedrooms

  • Size: 2 bedrooms/2 baths
  • Rent: $ 4,000 /mo, partially furnished
2-Apr-17-2025-07-30-07-4302-PM

Studio

  • Size: 1 bath
  • Rent: 3,488, partially furnished
3-Apr-17-2025-07-30-17-9358-PM

 

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