District 1 leads Singapore rents at $9,225 in Q1

Rents in these areas reached $9,225, $8,200, and $8,000 respectively.

Median monthly rents for 3-bedroom non-landed private homes in Districts 1, 4, and 2 were the highest in the first quarter of 2025, according to research released by Savills Singapore.

Rents in these areas reached $9,225, $8,200, and $8,000 respectively.

District 1 (Boat Quay/Marina/Raffles Place) and District 4 (Harbourfront/Telok Blangah) retained their top positions, whilst District 2 (Chinatown/Tanjong Pagar) moved up to third.

Savills noted that rents in Districts 1 and 2 rose by 8.5% and 14.3% respectively QoQ, whilst District 4 recorded a marginal decline of 0.6%.

The report also highlighted a broad-based increase in rents for 1- to 5-bedroom units across all market segments.

In Q1/2025, rents increased 1.3% in the Core Central Region (CCR), 1.4% in the Rest of Central Region (RCR), and 1.5% in the Outside Central Region (OCR).

Rents for 1- to 3-bedroom units – the most commonly leased unit types – rose more sharply, with CCR up 2.2%, and RCR and OCR increasing by 0.1% and 0.2% respectively.

On a QoQ basis, average rents for 1- to 3-bedroom units rose by 0.7%, slightly higher than the 0.6% increase recorded in the final quarter of 2024.

However, Savills pointed out that year-on-year, rents were still down 1.3% for 1-bedroom units and 6.9% for 5-bedroom units. For 1- to 3-bedroom units, the annual change ranged from -1.1% to +1.2%.