Singapore high-end residential rents rise for sixth straight quarter

Rents for luxury non-landed homes rose 1.7% in Q1.

Singapore’s island-wide non-landed private residential rents rebounded in Q1 2026, recovering from a brief 0.1% quarter-on-quarter dip in Q4 2025, according to Savills.

Savills said the Urban Redevelopment Authority’s rental index rose 0.4% QoQ in Q1 2026, supported by an uptick in leasing activity, although overall growth remained modest.

By sub-market, the Core Central Region (CCR) and Outside Central Region (OCR) led the recovery, with rental indices increasing 0.5% and 1.0% QoQ respectively. In contrast, the Rest of Central Region (RCR) recorded a marginal 0.2% decline, its first quarterly contraction since Q2 2024.

A review of median rents for new non-landed lease commencements showed broad-based increases across all regions. The CCR, RCR and OCR recorded gains of 1.4%, 1.8% and 2.5% respectively in Q1 2026.

Savills attributed the rental uplift to tenants’ greater willingness to accept higher renewal rents to avoid relocation costs, as well as a growing preference for shorter lease tenures amid heightened economic and geopolitical uncertainty, including job security concerns.

In the high-end segment, Savills reported that average monthly rents for luxury non-landed homes rose 1.7% QoQ to S$6.15 per sq ft in Q1 2026. This marks the sixth consecutive quarter of rental increases, bringing cumulative growth to 7.0% from the recent trough in Q3 2024.