Singapore non-landed private residential rents rise for fourth consecutive quarter

Island-wide rents increased by 0.8% in Q2.

Based on URA’s statistics, Singapore’s rental index for non-landed private residential properties island-wide rose for the fourth consecutive quarter, increasing 0.8% QoQ in Q2/2025.

According to a Savills report, this represents a faster pace of growth compared to the 0.2% increase in Q4/2024 and the 0.5% gain in Q1/2025. The stronger rental growth was primarily driven by the CCR, which posted a QoQ increase of 1.8%. Additionally, rents in the OCR edged up by 0.1% QoQ. In contrast, the RCR’s rents remained unchanged from the previous quarter.

Here’s more from Savills:

However, median rents for non-landed private residential properties by market segment presented a slightly different picture. In Q2/2025, median rents in the CCR continued their upward trend for the third consecutive quarter, rising 2.8% QoQ. Rental growth was observed in two to four bedroom units, while only one-bedroom units experienced a modest dip. In contrast, median rents in the RCR and OCR declined by 0.6% and 1.3% QoQ, respectively. The decline in these two sub-markets was primarily seen in one and two-bedroom units.

Across the market segments, median rents of small-sized units, particularly studio and one-bedroom apartments, have come under downward pressure. This may be attributed to increased competition amongst landlords, who may have had to lower rents to attract tenants amid a slew of newly completed small-sized units since Q3/2024. Also, demand was likely to have softened as challenging business conditions led to cost cutting.

Based on Savills basket of properties, the average monthly rent for high-end condominiums edged up by 0.7% QoQ to S$5.99 per sq ft in Q2/2025. This marks a slowdown in rental growth compared to the 1.7% increase recorded in each of the previous two quarters.