Singapore non-landed private residential rents rebound in Q1 | Real Estate Asia
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Singapore non-landed private residential rents rebound in Q1

Rents increased by 0.5% QoQ.

Supported by increased leasing activity in Q1/2025, overall rents for non-landed private residential properties in Singapore rose by 0.5% QoQ. According to data from a Savills report, this marked an acceleration from the 0.2% growth recorded in the previous quarter.

“Reversing the decline seen in Q4 last year, the OCR led the rental increase with a 0.7% QoQ rise, followed by a 0.4% QoQ growth in both the CCR and the RCR,” the report added.

Here’s more from Savills:

Compared to Q4/2024, the rental market for non-landed private residential properties is showing more convincing signs of stabilisation. A detailed analysis of median rents for one- to four-bedroom units, which are the most active types in the rental market, across various market segments was conducted.

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With the exception of one-bedroom and three-bedroom units in the RCR, which recorded marginal QoQ declines of 0.3% and 0.2% respectively (changes considered statistically negligible), median rents for all other unit types across the market segments posted QoQ increases. These increases either surpassed the growth seen in Q4/2024 or reserved the declines recorded in that quarter. Compared to the same period last year, most median rents analysed are now broadly in line, or slightly above, year-ago levels.

In a similar vein, the turnaround in high-end condominium rents observed since Q4/2024 has been reaffirmed. Based on Savills basket of properties, more than half (52.6%) recorded quarterly rental increases ranging from 0.2% to 12.7%. Consequently, the average monthly rent for units in these developments rose for the second consecutive quarter, increasing by S$0.10, or 1.7% QoQ, to S$5.95 per sq ft in Q1/2025. By location, the growth was led by the Downtown Core submarket, followed by River Valley and Orchard/Cairnhill.

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