Singapore high-end non-landed residential rents rise for seventh straight quarter

Rents rose 1.4% in Q2 as Orchard/Cairnhill led growth.

Savills' basket of high-end non-landed residential properties recorded a 1.4% quarter-on-quarter increase in average monthly rents to S$6.24 per sq ft. This marked the seventh consecutive quarter of rental growth. Orchard/Cairnhill recorded the strongest increase among sub-markets, with rents rising 2.6%, while River Valley rents edged up 0.1%.

Singapore's private residential rental market extended its growth momentum in the second quarter of 2026, with islandwide rents for non-landed private homes rising 0.4% quarter-on-quarter, according to Savills, citing Urban Redevelopment Authority data.

The increase matched the 0.4% growth recorded in the first quarter, although rental performance varied significantly across market segments. Rents in the Core Central Region (CCR) rose 1.2% quarter-on-quarter, accelerating from 0.5% in Q1. Rents in the Rest of Central Region (RCR) were unchanged, reversing a 0.2% decline in Q1, while rents in the Outside Central Region (OCR) fell 0.3%, compared with 1% growth in the previous quarter.

Savills said the stronger CCR performance was likely driven by robust leasing demand for smaller apartments. Leasing transactions for one-bedroom units rose 10.1% quarter-on-quarter to 1,588 in Q2, while transactions for two-bedroom units increased 15.6% to 2,113.

Median rents for these smaller units also strengthened, rising 0.7% for one-bedroom homes and 3.3% for two-bedroom homes during the quarter, according to Savills. By comparison, leasing activity in the RCR and OCR grew more moderately, while rental growth was weaker.

In the RCR, median rents for one- and two-bedroom units fell 0.2% and 1.1%, respectively. In the OCR, one-bedroom rents declined 1%, while two-bedroom rents edged up 0.4%.

Savills said the active leasing market and continued demand for smaller units were key features of the quarter, with the CCR benefiting most from this trend.