Condo rents, leasing volumes ease in May

Prices also fell month on month.

Singapore’s condominium rental market softened in May 2026, with both prices and leasing activity declining month on month (MoM), according to the 99-SRX Media Flash Report from 99.co and SRX.

Overall condo rents fell 0.6% from April, with declines across all regions.

Core Central Region (CCR) rents were down 0.4%, Rest of Central Region (RCR) was down 0.6%, and Outside Central Region was down 1.0%.

Despite the monthly easing, rents remained 1.9% higher year on year (YoY) versus May 2025.

Leasing volumes also fell 9.8% MoM to an estimated 5,853 units, down from 6,492 in April.

On a YoY basis, volumes were 4.2% higher and 7.4% above the five-year average for May.

By region, OCR accounted for 36.1% of transactions, followed by RCR at 33.5% and CCR at 30.4%.

“The data suggests the market is shifting towards a more balanced environment, with demand remaining steady while supply conditions and hiring activity moderate upward pressure on rents,” said Luqman Hakim, chief data and analytics officer at 99.co.

Follow the link s for more news on

99.co

SRX

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