Singapore non-landed residential rents rise for fifth consecutive quarter in Q3

The rental growth hit a record 1.1% during the quarter.

Driven by strong leasing activity, URA’s rental index of all non-landed private residential properties rose by 1.1% QoQ in Q3/2025, accelerating from the 0.8% growth recorded in the previous quarter.

According to Savills, this marks the fifth consecutive quarter of rental growth since Q3/2024 and represents the highest QoQ increase during this period.

Here’s more from Savills:

This acceleration came from both the RCR and the OCR, which posted QoQ increases of 1.8% and 2.5%, respectively. The rental uplift in these submarkets can be largely attributed to heightened demand for newly completed, smaller-sized units, particularly one- and two-bedroom apartments.

These units are generally more accessible to a wider tenant base, including expatriate singles and young couples seeking cost-effective accommodation. In addition, such units typically command higher rents on a per sq ft basis, thereby contributing to the overall rental growth observed in the RCR and OCR.

On the other hand, the CCR recorded a 0.5% QoQ rental decline in Q3/2025, reversing three consecutive quarters of growth since Q4/2024. Two-bedroom units remained the most sought-after rental type, accounting for about 30% of all non-landed residential leases in the CCR during the reviewed quarter. Median rents for these units edged down from S$6.06 per sq ft in Q2 to S$5.99 per sq ft in Q3, which may have contributed to the marginal softening in the rental level within the CCR submarket.

Average monthly rents for high-end condominiums tracked by Savills continued their upward trajectory, rising by 0.7% QoQ to S$6.03 per sq ft in Q3/2025. While this growth rate was consistent with the previous quarter, it represented a notable slowdown from the 1.7% increases recorded in both Q1/2025 and Q4/2024.

This deceleration suggests that rental growth in this segment may be losing momentum, possibly due to a smaller population of senior expatriate professionals and their families, amid heightened macroeconomic uncertainties at the global level and challenging business conditions.