Condo rents increase by 7.3% in May

Condo rents increased by 7.3%, HDB rents by 7.9% year-on-year.

Rents increased year-on-year in May, according to latest SRX data.

Condo rents increased by 7.3% whilst HDB rents increased by 7.9% year-on-year.

Compared to April’s figures, condo rents increased by 0.3% whilst HDB rents increased by 0.7% in May.

Rental volumes increased to 4,603 units, or by 1.7% from 4,527 units month-on-month, when it came to condominiums. This translated to a 39.3% increase from the same month last year.

On the other hand, rental volumes for HDB flats decreased to 1686 units, or by 0.9% from 1,702 units month-on-month in May. This translated to a 30.4% increase from the same month last year.

“The rental market remained robust last month despite fewer foreigners entering Singapore and restrictions being tightened on house viewings during the heightened alert period,” said OrangeTee Senior Vice President of Research & Analytics Christine Sun.

“Based on ground observations, the market seems to be propped up by tenants renewing their leases and new tenant groups entering the market. For instance, more Singaporeans are renting in recent months and many are HDB homeowners who have sold their flats recently and are renting a place temporarily. They did not wait to find a replacement home before selling their flats as they wish to capitalise on the rising resale prices and try to sell their flats at a good price quickly,” she added.

Follow the link s for more news on

condominium rents

HDB rents

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia