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OCR rents fall 2% in Q4 2025 as vacancy rate hits two-year low

Islandwide vacancy rate drops to 6.0%, lowest since Q1 2023.

Rents of non-landed private residential properties in Singapore’s Outside Central Region fell 2% quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2025, even as vacancy rates dropped to their lowest level in nearly two years, according to Savills Research. R

Meanwhile, the Core Central Region and the Rest of Central Region registered modest gains of 0.7% and 0.6%, respectively, the report said, citing Urban Redevelopment Authority data.

The islandwide vacancy rate for private residential properties, excluding executive condominiums, declined 0.9 percentage points to 6.0%, the lowest level since Q1 2023. Total vacant stock fell 11.5% QoQ to 25,570 units, resulting in net take-up of 5,027 units

Islandwide leasing contracts declined 27.4% QoQ to 19,771 transactions in Q4 2025, due to typical year-end seasonality and a slower inflow of expatriates and international students. 

On a year-on-year basis, leasing volumes slipped 0.1%, ending six consecutive quarters of annual growth.

A total of 2,018 private residential units obtained Temporary Occupation Permit in Q4 2025, bringing the completed private housing stock to 423,352 units.

For 2026, approximately 6,083 private residential units are expected to be completed, broadly in line with 2025’s supply levels.

 

 

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